BRENT Crude Technical Snap 15.08.19

BRENT Crude Technical Snap (Daily)

Pivot: 59.80

Our preference: short positions below 59.80 with targets at 58.20 & 57.80 in extension.

Alternative scenario: above 59.80 look for further upside with 60.55 & 61.10 as targets.

Comment: as long as the resistance at 59.80 is not surpassed, the risk of the break below 58.20 remains high.