Brent (ICE) may rise to 81.70 - 82.50

Pivot

80.10

Our preference

Long positions above 80.10 with targets at 81.70 & 82.50 in extension.

Alternative scenario

Below 80.10 look for further downside with 79.60 & 78.80 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

83.20

82.50

81.70

80.97 Last

80.10

79.60

78.80

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