Brent (ICE) may fall to 65.80 - 68.70

Pivot

79.50

Our preference

Short positions below 79.50 with targets at 68.70 & 65.80 in extension.

Alternative scenario

Above 79.50 look for further upside with 82.30 & 84.80 as targets.

Comment

The RSI is mixed to bearish.

Supports and resistances

84.80 ***

82.30 ***

79.50 ***

75.75 Last

68.70 ***

65.80 ***

64.20 ***

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