Brent Intraday: bullish bias above 72.90.

Brent (UKOIL)
+1.11+1.53%
long positions above 72.90 with targets at 73.90 & 74.25 in extension.
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Pivot: 72.90

Our preference: long positions above 72.90 with targets at 73.90 & 74.25 in extension.

Alternative scenario: below 72.90 look for further downside with 72.60 & 72.20 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:
74.70
74.25
73.90
73.40 Last
72.90
72.60
72.20

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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