Brent‏ Intraday: rebound expected.

2016-09-30

Pivot: 47.97

Our preference: long positions above 47.97 with targets @ 49.80 & 50.64 in extension.

Alternative scenario: below 47.97 look for further downside with 46.90 & 46.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
51.37
50.64
49.80
48.88 Last
47.97
46.90
46.00