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Brent (ICE) may fall to 81.80 - 82.30
Brent Crude Oil
Short
Brent (ICE) may fall to 81.80 - 82.30
By Daniel_Thompson
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Mar 5
2
Mar 5
Pivot
83.10
Our preference
Short positions below 83.10 with targets at 82.30 & 81.80 in extension.
Alternative scenario
Above 83.10 look for further upside with 83.60 & 84.00 as targets.
Comment
As long as the resistance at 83.10 is not surpassed, the risk of the break below 82.30 remains high.
Supports and resistances
84.00
83.60
83.10
82.74 Last
82.30
81.80
81.50
Number of asterisks represents the strength of support and resistance levels.
Beyond Technical Analysis
Fundamental Analysis
Wave Analysis
Daniel_Thompson
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