Brent (ICE) (H6) Intraday: bullish bias above 62.90.

Pivot: 62.90

Our preference: long positions above 62.90 with targets at 64.00 & 64.40 in extension.

Alternative scenario: below 62.90 look for further downside with 62.25 & 61.85 as targets.

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

Supports and resistances:

65.10

64.40

64.00

63.22 Last

62.90

62.25

61.85