Free Trial

BRENT TECHS: (G19) Focus Returns To The Downside.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G19) Focus Returns To The Downside
*RES 4: $75.00 - Resistance 
*RES 3: $72.34 - 200-dma 
*RES 2: $65.00 - Down trendline resistance 
*RES 1: $63.73 - High Dec 7 
*PRICE: $60.12 @ 05:38 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 futures have given back their gains seen late last week as the Key
Nov 29 low comes back into focus. A close below here would open up trendline
support from the 201 lows at $55. Bulls need to recover Friday's high at $61.73,
above here opens a challenge of down trendline resistance from the highs which
comes in at $65. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.