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BRENT TECHS: (F19) YTD Lows In Sight *RES 4:.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) YTD Lows In Sight  
*RES 4: $80.00 - Resistance 
*RES 3: $76.60 - 55-dma 
*RES 2: $72.70 - 200-dma 
*RES 1: $70.00 - Down trendline resistance 
*PRICE: $63.36 @ 05:55GMT 
*SUP 1: $60.76 - Low March 1
*SUP 2: $59.45 - Low Feb 14 
*SUP 3: $55.00 - Up trendline support from 2016 lows
*SUP 4: $50.00 - Support 
Jan-18 Brent futures crashed to new cycle lows yesterday bringing the ytd lows
seen on Feb 14 at $59.45 into focus. Below here brings up trendline support from
the 2016 lows into focus which comes in at $55. Bulls need to reclaim the $70
level to break above down trendline resistance, opening the 200-dma at $72.70.
Above here would suggest a bullish reversal is taking shape.

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