Brent (ICE) (Q5) Intraday: bullish bias above 64.35.

Pivot: 64.35

Our preference: long positions above 64.35 with targets at 65.50 & 66.00 in extension.

Alternative scenario: below 64.35 look for further downside with 63.75 & 63.20 as targets.

Comment: a support base at 64.35 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

66.30

66.00

65.50

64.70 Last

64.35

63.75

63.20