Brent (ICE) may fall to 99.55 - 102.25.

Brent (ICE) may fall to 99.55 - 102.25.

Pivot 106.50
Our preference : Short positions below 106.50 with targets at 102.25 & 99.55 in extension.

Alternative scenario Above 106.50 look for further upside with 107.90 & 109.05 as targets.

Comment : As long as the resistance at 106.50 is not surpassed, the risk of the break below 102.25 remains high.