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BRENT TECHS: (F19) Recovery Looks Corrective *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Recovery Looks Corrective
*RES 4: $86.74 - High Oct 4 
*RES 3: $80.00 - Resistance 
*RES 2: $77.12 - 55-dma 
*RES 1: $72.68 - 200-dma 
*PRICE: $67.25 @ 05:468GMT 
*SUP 1: $64.61 - Low Nov 13 
*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 remain above their Nov 13 lows but recovery efforts have
lacked impulse keeping the focus on the broader downtrend and the $64.61 level.
A close below here 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 $72.68 to suggest a bullish reversal is taking
shape, which would open the 55-dma at $77.12. 

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