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BRENT TECHS: (F19) Range Lows Under Pressure *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Range Lows Under Pressure 
*RES 4: $80.00 - Resistance 
*RES 3: $74.73 - 55-dma 
*RES 2: $72.65 - 200-dma 
*RES 1: $67.00 - Down trendline resistance 
*PRICE: $59.13 @ 05:32GMT 
*SUP 1: $58.41 - Low Nov 23 
*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 managed to stay clear of the Nov 23 lows at $58.41 yesterday but
recovery efforts have been weak keeping the focus on the downside. A close below
here would bring up trendline support from the 2016 lows into focus which comes
in at $55. Bulls need to reclaim the $67 level to break above down trendline
resistance, opening the 200-dma at $72.65. Above here would suggest a bullish
reversal.

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