BRENT Crude Technical Snap 08.05.19

BRENT Crude Technical Snap (Daily)

Pivot: 69.50

Our preference: long positions above 69.50 with targets at 70.90 & 71.30 in extension.

Alternative scenario: below 69.50 look for further downside with 69.00 & 68.45 as targets.

Comment: the RSI calls for a rebound.