Brent Crude OilShort
Brent (ICE) (F4) Intraday May fall -2.72 %
Pivot: 81.80
Our preference:
short positions below 81.80 with targets at 79.50 & 78.30 in extension.
Alternative scenario:
above 81.80 look for further upside with 82.40 & 83.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Our preference:
short positions below 81.80 with targets at 79.50 & 78.30 in extension.
Alternative scenario:
above 81.80 look for further upside with 82.40 & 83.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.