Under Pressure
Our Pivot: 86.20
Our Preference: Start short selling Brent below 85.30 with strict stop loss of 86.20 and profit target at 84.15 with extension towards 83.40.
Alternate Scenario: Upward penetration of 86.20 will call for 87.65.
NOTE: Brent is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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