Brent (ICE) (Q7) Intraday: key resistance at 50.55.
Pivot: 50.55
Our preference: short positions below 50.55 with targets at 49.30 & 48.95 in extension.
Alternative scenario: above 50.55 look for further upside with 51.00 & 51.45 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
51.45
51.00
50.55
49.90 Last
49.30
48.95
48.42
Our preference: short positions below 50.55 with targets at 49.30 & 48.95 in extension.
Alternative scenario: above 50.55 look for further upside with 51.00 & 51.45 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
51.45
51.00
50.55
49.90 Last
49.30
48.95
48.42
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