Brent Intraday: key resistance at 81.80.

May 24, 2024 01:40
Brent (UKOIL)
-0.41-0.48%
short positions below 81.80 with targets at 80.90 & 80.30 in extension.
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Pivot: 81.80

Our preference: short positions below 81.80 with targets at 80.90 & 80.30 in extension.

Alternative scenario: above 81.80 look for further upside with 82.20 & 82.50 as targets.

Comment: as long as the resistance at 81.80 is not surpassed, the risk of the break below 80.90 remains high.

Supports and resistances:
82.50
82.20
81.80
81.41 Last
80.90
80.30
79.70

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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