Brent (ICE) may rise to 78.80 - 79.35

Pivot

77.85

Our preference

Long positions above 77.85 with targets at 78.80 & 79.35 in extension.

Alternative scenario

Below 77.85 look for further downside with 77.05 & 76.40 as targets.

Comment

Intraday technical indicators are mixed.

Supports and resistances

79.90

79.35

78.80

78.09 Last

77.85

77.05

76.40

Number of asterisks represents the strength of support and resistance levels.
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