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.