BRENT Crude Technical Snap 09.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 57.10

Our preference: long positions above 57.10 with targets at 57.70 & 57.95 in extension.

Alternative scenario: below 57.10 look for further downside with 56.50 & 55.90 as targets.

Comment: the RSI is mixed and calls for caution.