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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