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Brent (ICE) (X3) MT: continuation of the rebound.


Pivot: 78.50

Our preference: long positions above 78.50 with targets at 99.00 & 110.00 in extension.

Alternative scenario: below 78.50 look for further downside with 71.50 & 62.00 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:

124.00 **

110.00 ***

99.00 ***

92.04 Last

78.50 ***

71.50 ***

62.00 **

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