Brent (ICE) may fall to 73.00 - 74.10
Pivot
75.70
Our preference
Short positions below 75.70 with targets at 74.10 & 73.00 in extension.
Alternative scenario
Above 75.70 look for further upside with 76.70 & 77.60 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances
77.60
76.70
75.70
74.74 Last
74.10
73.00
72.00
Number of asterisks represents the strength of support and resistance levels.
75.70
Our preference
Short positions below 75.70 with targets at 74.10 & 73.00 in extension.
Alternative scenario
Above 75.70 look for further upside with 76.70 & 77.60 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances
77.60
76.70
75.70
74.74 Last
74.10
73.00
72.00
Number of asterisks represents the strength of support and resistance levels.
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