BRENT Crude Technical Snap 08.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 56.70

Our preference: long positions above 56.70 with targets at 58.50 & 59.10 in extension.

Alternative scenario: below 56.70 look for further downside with 55.90 & 54.70 as targets.

Comment: the RSI calls for a bounce.