Brent (ICE) may fall to 74.70 - 75.10
Pivot
76.90
Our preference
Short positions below 76.90 with targets at 75.10 & 74.70 in extension.
Alternative scenario
Above 76.90 look for further upside with 77.60 & 78.20 as targets.
Comment
As long as 76.90 is resistance, likely decline to 75.10.
Supports and resistances
78.20
77.60
76.90
75.81 Last
75.10
74.70
74.00
Number of asterisks represents the strength of support and resistance levels.
76.90
Our preference
Short positions below 76.90 with targets at 75.10 & 74.70 in extension.
Alternative scenario
Above 76.90 look for further upside with 77.60 & 78.20 as targets.
Comment
As long as 76.90 is resistance, likely decline to 75.10.
Supports and resistances
78.20
77.60
76.90
75.81 Last
75.10
74.70
74.00
Number of asterisks represents the strength of support and resistance levels.
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