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Recent Gains Considered Corrective


Trend Needle Points North Despite Recent Pullback


Trend Needle Points North Despite Recent Pullback


Late SOFR/Treasury Option Roundup

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BRENT TECHS: (G19) Contracting Range *RES 4:.........>

BRENT TECHS: (G19) Contracting Range
*RES 4: $75.00 - Resistance 
*RES 3: $72.32 - 200-dma 
*RES 2: $65.00 - Down trendline resistance 
*RES 1: $63.73 - High Dec 7 
*PRICE: $60.43 @ 05:42 GMT 
*SUP 1: $57.79 - Low Nov 29 
*SUP 2: $55.00 - Up trendline support from 2016 lows 
*SUP 3: $50.00 - Support 
*SUP 4: $48.97 - Low Jun 21, 2017 
Feb-19 Brent are showing no indication which way they will break out of the
contracting range, but the broader downtrend remains intact below the Nov 7
highs at $61.73. Above here opens a challenge of down trendline resistance from
the highs which comes in at $65. The Nov 29 low at $57.79 remains the focus for
the bears, below here would open up trendline support from the 201 lows at $55. 

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