BRENT TECHS: (F19) Rallies Continue To Look Weak.....>

BRENT TECHS: (F19) Rallies Continue To Look Weak

*RES 4: $80.00 - Resistance 

*RES 3: $76.37 - 55-dma 

*RES 2: $72.71 - 200-dma 

*RES 1: $70.00 - Down trendline resistance 

*PRICE: $63.27 @ 05:40GMT 

*SUP 1: $60.76 - Low March 1 

*SUP 2: $59.45 - Low Feb 14 

*SUP 3: $55.00 - Up trendline support from 2016 lows 

*SUP 4: $50.00 - Support Jan-18 

While Brent futures remain above Tuesday's low the bounce has lacked impulse

keeping the focus squarely on the downside, with the March 1 low coming in at

$60.76 ahead of the ytd lows seen on Feb 14 at $59.45. Below here brings up

trendline support from the 2016 lows into focus which comes in at $55. Bulls

need to reclaim the $70 level to break above down trendline resistance, opening

the 200-dma at $72.71. Above here would suggest a bullish reversal.