Brent (ICE) may fall to 76.40 - 77.10

Pivot

78.70

Our preference

Short positions below 78.70 with targets at 77.10 & 76.40 in extension.

Alternative scenario

Above 78.70 look for further upside with 79.50 & 80.20 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

80.20

79.50

78.70

78.10 Last

77.10

76.40

75.80

Number of asterisks represents the strength of support and resistance levels.
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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