Brent (ICE) may rise to 84.50 - 87.50

Pivot

77.20

Our preference

Long positions above 77.20 with targets at 84.50 & 87.50 in extension.

Alternative scenario

Below 77.20 look for further downside with 75.10 & 72.40 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

89.70 ***

87.50 ***

84.50 ***

79.36 Last

77.20 ***

75.10 ***

72.40 ***

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