Brent (ICE) may rise to 81.00 - 81.40

Pivot

79.30

Our preference

Long positions above 79.30 with targets at 81.00 & 81.40 in extension.

Alternative scenario

Below 79.30 look for further downside with 78.60 & 78.00 as targets.

Comment

The break above 79.30 is a positive signal that has opened a path to 81.00.

Supports and resistances

82.10

81.40

81.00

80.19 Last

79.30

78.60

78.00

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