Brent (ICE) (U5) Intraday: bullish bias above 68.80.

Pivot: 68.80

Our preference: long positions above 68.80 with targets at 69.90 & 70.55 in extension.

Alternative scenario: below 68.80 look for further downside with 68.30 & 67.90 as targets.

Comment: a support base at 68.80 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

71.00

70.55

69.90

69.55 Last

68.80

68.30

67.90