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BRENT TECHS: (F19) Recovery Efforts Lack Momentum....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Recovery Efforts Lack Momentum
*RES 4: $86.74 - High Oct 4 
*RES 3: $80.00 - Resistance 
*RES 2: $77.49 - 55-dma 
*RES 1: $72.51 - 200-dma 
*PRICE: $65.95 @ 05:32 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 recovered some losses yesterday but the bounce has lacked
momentum and the broader bearish trend remains firmly intact. 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. Bulls need to
reclaim the 200-dma at $72.51 to suggest a bullish reversal is taking shape,
which would open the 55-dma at $77.49.

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