Brent (ICE) may fall to 78.00 - 78.60

Pivot

79.75

Our preference

Short positions below 79.75 with targets at 78.60 & 78.00 in extension.

Alternative scenario

Above 79.75 look for further upside with 80.75 & 81.70 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

81.70

80.75

79.75

79.13 Last

78.60

78.00

77.40

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