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Brent (ICE) (Z3) ST: choppy.


Pivot: 92.35

Our preference: short positions below 92.35 with targets at 85.20 & 82.00 in extension.

Alternative scenario: above 92.35 look for further upside with 95.00 & 97.60 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances:

97.60 **

95.00 ***

92.35 ***

87.90 Last

85.20 ***

82.00 ***

78.00 ***

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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