Brent (ICE) may fall to 81.80 - 82.30

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.
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