Category: News

BRENT Crude Technical Snap (Daily)

Pivot: 56.30 Our preference: long positions above 56.30 with targets at 57.20 & 57.70 in extension. Alternative scenario: below 56.30 look for further downside with 56.00 & 55.60 as targets. Comment: the RSI advocates for further upside.

BRENT Crude Technical Snap (Daily)

Pivot: 57.85 Our preference: short positions below 57.85 with targets at 56.30 & 55.60 in extension. Alternative scenario: above 57.85 look for further upside with 58.25 & 58.60 as targets. Comment: the RSI is bearish and calls for further decline.

BRENT Crude Technical Snap (Daily)

Pivot: 59.40 Our preference: short positions below 59.40 with targets at 58.40 & 58.05 in extension. Alternative scenario: above 59.40 look for further upside with 59.70 & 60.00 as targets. Comment: the RSI advocates for further decline.

BRENT Crude Technical Snap (Daily)

Pivot: 58.85 Our preference: long positions above 58.85 with targets at 59.70 & 60.25 in extension. Alternative scenario: below 58.85 look for further downside with 58.30 & 57.80 as targets. Comment: the RSI is mixed to bullish

BRENT Crude Technical Snap (Daily)

Pivot: 57.50 Our preference: long positions above 57.50 with targets at 58.85 & 59.25 in extension. Alternative scenario: below 57.50 look for further downside with 56.95 & 56.30 as targets. Comment: the RSI is bullish and calls for further upside

BRENT Crude Technical Snap (Daily)

Pivot: 57.55 Our preference: short positions below 57.55 with targets at 56.70 & 56.15 in extension. Alternative scenario: above 57.55 look for further upside with 58.40 & 59.00 as targets. Comment: the RSI is bearish and calls for further decline

BRENT Crude Technical Snap (Daily)

Pivot: 56.70 Our preference: long positions above 56.70 with targets at 57.45 & 57.90 in extension. Alternative scenario: below 56.70 look for further downside with 56.05 & 55.50 as targets. Comment: the RSI is mixed to bullish.

BRENT Crude Technical Snap (Daily)

Pivot: 55.90 Our preference: long positions above 55.90 with targets at 56.80 & 57.30 in extension. Alternative scenario: below 55.90 look for further downside with 55.60 & 55.30 as targets. Comment: the RSI calls for a new upleg.

BRENT Crude Technical Snap (Daily)

Pivot: 55.40 Our preference: long positions above 55.40 with targets at 56.10 & 56.35 in extension. Alternative scenario: below 55.40 look for further downside with 55.10 & 54.85 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

BRENT Crude Technical Snap (Daily)

Pivot: 54.50 Our preference: long positions above 54.50 with targets at 55.40 & 55.80 in extension. Alternative scenario: below 54.50 look for further downside with 54.20 & 53.90 as targets. Comment: the RSI is bullish and calls for further upside.