Brent (ICE) may rise to 109.70 - 112.00.

Brent (ICE) may rise to 109.70 - 112.00.

Pivot 105.00
Our preference : Long positions above 105.00 with targets at 109.70 & 112.00 in extension.

Alternative scenario Below 105.00 look for further downside with 103.00 & 101.50 as targets.

Comment : The break above 105.00 is a positive signal that has opened a path to 109.70.