FIS Technical – Brent December Futures
The Brent futures remain technically bullish with upside targets at the recent high of USD 59.49.
USD 57.14 could act as an intraday resistance until we see a daily close above this level. The 4 hour stochastic would suggest a short term pullback is now due. Intraday technical support is at USD 55.98 and if holds would suggest upside continuation.
Caution on a close below USD 55.77 on the daily chart.