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BRENT TECHS: (F19) Bounce Potential
*RES 4: $86.74 - High Oct 4
*RES 3: $80.00 - Resistance
*RES 2: $77.32 - 55-dma
*RES 1: $72.64 - 200-dma
*PRICE: $67.21 @ 05:40 GMT
*SUP 1: $64.11 - Low April 4
*SUP 2: $63.17 - 61.8% retracement Jun 2017 low - Oct 2018 high
*SUP 3: $59.45 - Low Feb 14
*SUP 4: $55.00 - Support
Jan-18 Brent futures continue to hold Tuesday's crash lows and recovery efforts
look to be gaining momentum. Bulls need to reclaim the 200-dma at $72.64 to
suggest a bullish reversal is taking shape, which would open the 55-dma at
$77.32. On the downside, a close below $64.11 would open the 61.8% fibo from the
June 2017 low to the Oct 2018 high, ahead of a return to the ytd lows at $59.45
seen on Feb 14.