BRENT Crude Technical Snap 10.02.20

BRENT Crude Technical Snap (Daily)

Pivot: 54.85

Our preference: short positions below 54.85 with targets at 54.00 & 53.60 in extension.

Alternative scenario: above 54.85 look for further upside with 55.10 & 55.40 as targets.

Comment: the upward potential is likely to be limited by the resistance at 54.85.