Brent (ICE) may fall to 74.45 - 75.10

Daily and weekly charts are also bearish.

Pivot

76.30

Our preference

Short positions below 76.30 with targets at 75.10 & 74.45 in extension.

Alternative scenario

Above 76.30 look for further upside with 76.80 & 77.50 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

77.50

76.80

76.30

75.59 Last

75.10

74.45

73.60

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