BRENT Crude Technical Snap 10.06.19

BRENT Crude Technical Snap (Daily)

Pivot: 63.05

Our preference: long positions above 63.05 with targets at 64.10 & 64.80 in extension.

Alternative scenario: below 63.05 look for further downside with 62.60 & 62.10 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.