BRENT Crude Technical Snap 14.01.20

BRENT Crude Technical Snap (Daily)

Pivot: 64.70

Our preference: short positions below 64.70 with targets at 63.90 & 63.25 in extension.

Alternative scenario: above 64.70 look for further upside with 65.25 & 65.65 as targets.

Comment: as long as the resistance at 64.70 is not surpassed, the risk of the break below 63.90 remains high.