FIS Technical – Brent December Futures

FIS Technical РBrent 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.

brent 6-10-17

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