BRENT Crude Technical Snap 10.12.19

BRENT Crude Technical Snap (Daily)

Pivot: 63.85

Our preference: long positions above 63.85 with targets at 64.50 & 64.85 in extension.

Alternative scenario: below 63.85 look for further downside with 63.60 & 63.15 as targets.

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