Brent Intraday: consolidation in place.
Brent (UKOIL)
-0.49-0.56%
short positions below 89.20 with targets at 86.70 & 85.70 in extension.
Pivot: 89.20
Our preference: short positions below 89.20 with targets at 86.70 & 85.70 in extension.
Alternative scenario: above 89.20 look for further upside with 90.00 & 91.10 as targets.
Comment: as long as 89.20 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
91.10 **
90.00 ***
89.20 ***
88.76 Last
86.70 ***
85.70 **
84.70 ***
Our preference: short positions below 89.20 with targets at 86.70 & 85.70 in extension.
Alternative scenario: above 89.20 look for further upside with 90.00 & 91.10 as targets.
Comment: as long as 89.20 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
91.10 **
90.00 ***
89.20 ***
88.76 Last
86.70 ***
85.70 **
84.70 ***
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