Brent (ICE) is neutral

Pivot

87.50

Our preference

Short positions below 87.50 with targets at 69.60 & 60.00 in extension.

Alternative scenario

Above 87.50 look for further upside with 91.80 & 97.70 as targets.

Comment

The RSI lacks momentum.

Supports and resistances

97.70 **

91.80 ***

87.50 ***

79.42 Last

69.60 ***

60.00 ***

54.00 **

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