Brent (ICE) (Q5) Intraday: the bias remains bullish.

Pivot: 64.95

Our preference: long positions above 64.95 with targets at 65.95 & 66.30 in extension.

Alternative scenario: below 64.95 look for further downside with 64.50 & 64.05 as targets.

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

Supports and resistances:

66.70

66.30

65.95

65.36 Last

64.95

64.50

64.05