BRENT TECHS: (F19) New Lows Fail To Extend *RES 4:...>

BRENT TECHS: (F19) New Lows Fail To Extend

*RES 4: $80.00 - Resistance 

*RES 3: $75.00 - Resistance 

*RES 2: $72.63 - 200-dma 

*RES 1: $67.00 - Down trendline resistance 

*PRICE: $59.76 @ 05:14GMT 

*SUP 1: $57.50 - Low Nov 29

*SUP 2: $55.00 - Up trendline support from 2016 lows 

*SUP 3: $50.00 - Support 

*SUP 4: $48.80 - Low Jun 21, 2017 

Brent futures hit a lower low for the cycle yesterday but failed to extend the

break returning the near-term outlook neutral albeit within a longer-term

bearish trend. A close below $57.50 would bring up trendline support from the

2016 lows into focus which comes in at $55. Bulls need to close the week above

$60 to stabilise the outlook and reclaim the $67 level to break above down

trendline resistance.