Brent (ICE) may fall to 84.30 - 84.65

Pivot

85.40

Our preference

Short positions below 85.40 with targets at 84.65 & 84.30 in extension.

Alternative scenario

Above 85.40 look for further upside with 85.85 & 86.20 as targets.

Comment

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

Supports and resistances

86.20

85.85

85.40

85.17 Last

84.65

84.30

83.85

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