Brent (ICE) may rise to 79.40 - 79.90

Pivot

78.40

Our preference

Long positions above 78.40 with targets at 79.40 & 79.90 in extension.

Alternative scenario

Below 78.40 look for further downside with 77.70 & 77.10 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

80.60

79.90

79.40

79.07 Last

78.40

77.70

77.10

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