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BRENT TECHS: (F19) Slipping Below 200-DMA *RES 4:....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Slipping Below 200-DMA
*RES 4: $90.00 - Resistance 
*RES 3: $86.74 - High Oct 4 
*RES 2: $80.00 - Resistance 
*RES 1: $78.44 - 55-dma 
*PRICE: $72.43 @ 05:30 GMT 
*SUP 1: $72.43 - 200-dma 
*SUP 2: $70.93 - Low Aug 15 
*SUP 3: $70.00 - Support 
*SUP 4: $66.58 - High Jan 26 
Brent futures managed to cling to their 200-dma on Friday but the level remains
under pressure again today. A close below here, which is looking increasingly
likely, would strengthen the bearish case, opening the Aug 15 low at $70.93.
Bulls need to recover the 55-dma at $78.44 to open the $80 level, above which
the outlook would turn positive.

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