BRENT TECHS: (F19) Waterfall Declines Keep Focus.....>

BRENT TECHS: (F19) Waterfall Declines Keep Focus Lower

*RES 4: $86.74 - High Oct 4 

*RES 3: $80.00 - Resistance 

*RES 2: $77.68 - 55-dma 

*RES 1: $72.59 - 200-dma 

*PRICE: $65.30 @ 05:42 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 

Yesterday's large drop has sent Jan-18 Brent futures back to test their April

lows as the bearish trend picks up pace. 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 $72.59

to suggest a bullish reversal is taking shape, which would open the 55-dma at

$77.59.