Brent (ICE) (N5) Intraday: bullish bias above 64.70.

Pivot: 64.70

Our preference: long positions above 64.70 with targets at 66.00 & 66.40 in extension.

Alternative scenario: below 64.70 look for further downside with 64.30 & 63.70 as targets.

Comment: a support base at 64.70 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

67.00

66.40

66.00

65.43 Last

64.70

64.30

63.70