Brent (ICE) (X5) Intraday: the bias remains bullish.

Pivot: 67.00

Our preference: long positions above 67.00 with targets at 68.15 & 68.55 in extension.

Alternative scenario: below 67.00 look for further downside with 66.70 & 66.15 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

69.00

68.55

68.15

67.42 Last

67.00

66.70

66.15