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Brent (ICE) (X3) Intraday: the downside prevails.

2023-09-20
826

Pivot: 94.30

Our preference: short positions below 94.30 with targets at 92.70 & 92.20 in extension.

Alternative scenario: above 94.30 look for further upside with 94.95 & 95.55 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

95.55

94.95

94.30

93.48 Last

92.70

92.20

91.65

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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