FIS Technical – Brent December Futures
The technical remains bullish but in a corrective phase. Market buyers need to see a close above USD 58.24 for a signal the corrective phase is over. Price action above USD 58.54 would confirm this.
Market buyers on the intraday need to see price action above USD 58.30 for bullish signals. However if price action remains below USD 57.55 for the rest of the session then this will become the bullish intraday level on Monday.