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December 11, 2018 05:38 GMT
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.
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