Brent (ICE) (Q5) Intraday: further advance.

Pivot: 74.80

Our preference: long positions above 74.80 with targets at 78.50 & 80.00 in extension.

Alternative scenario: below 74.80 look for further downside with 73.70 & 72.70 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

81.50

80.00

78.50

76.82 Last

74.80

73.70

72.70