Brent‏ Intraday: rebound expected.

2016-10-07

Pivot: 51.50

Our preference: long positions above 51.50 with targets at 53.57 & 54.10 in extension.

Alternative scenario: below 51.50 look for further downside with 51.15 & 50.70 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
54.73
54.10
53.57
52.53 Last
51.50
51.15
50.70