BRENT Crude Technical Snap 05.07.19

BRENT Crude Technical Snap (Daily)

Pivot: 63.05

Our preference: long positions above 63.05 with targets at 63.70 & 64.00 in extension.

Alternative scenario: below 63.05 look for further downside with 62.65 & 62.10 as targets.

Comment: the RSI calls for a rebound.