Brent (ICE) (U5) Intraday: consolidation in place.

Pivot: 69.70

Our preference: long positions above 69.70 with targets at 70.70 & 71.40 in extension.

Alternative scenario: below 69.70 look for further downside with 69.05 & 68.60 as targets.

Comment: intraday technical indicators are mixed and call for caution.

Supports and resistances:

72.00

71.40

70.70

70.02 Last

69.70

69.05

68.60