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

Pivot: 74.80

Our preference: long positions above 74.80 with targets at 77.30 & 78.50 in extension.

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

Comment: the immediate trend remains up but the momentum is weak.

Supports and resistances:

80.00

78.50

77.30

76.22 Last

74.80

73.70

72.70