BRENT Crude Technical Snap 12.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 57.90

Our preference: long positions above 57.90 with targets at 59.10 & 59.50 in extension.

Alternative scenario: below 57.90 look for further downside with 57.10 & 56.75 as targets.

Comment: the RSI is bullish and calls for further upside.