Brent Intraday: watch 79.30.
Brent (UKOIL)
-3.91-4.56%
short positions below 85.90 with targets at 81.80 & 79.30 in extension.
Pivot: 85.90
Our preference: short positions below 85.90 with targets at 81.80 & 79.30 in extension.
Alternative scenario: above 85.90 look for further upside with 87.50 & 89.80 as targets.
Comment: as long as the resistance at 85.90 is not surpassed, the risk of the break below 81.80 remains high.
Supports and resistances:
89.80 *
87.50 **
85.90 ***
82.89 Last
81.80 *
79.30 *
77.30 *
Our preference: short positions below 85.90 with targets at 81.80 & 79.30 in extension.
Alternative scenario: above 85.90 look for further upside with 87.50 & 89.80 as targets.
Comment: as long as the resistance at 85.90 is not surpassed, the risk of the break below 81.80 remains high.
Supports and resistances:
89.80 *
87.50 **
85.90 ***
82.89 Last
81.80 *
79.30 *
77.30 *
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