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BRENT TECHS: (G19) Upside Momentum Fades *RES 3:.....>

BRENT TECHS: (G19) Upside Momentum Fades
*RES 3: $71.57 - 200-dma 
*RES 2: $65.00 - Down trendline resistance 
*RES 1: $57.40 - 21-dma 
*PRICE: $54.18 @ 05:47 
*SUP 1: $50.22 - Low Dec 26
*SUP 2: $48.97 - Low Jun 21, 2017 
*SUP 3: $44.00 - Channel support
Brent futures failed to build on upside momentum yesterday which keeps the
bearish trend intact. Bulls need to recover the 21-dma at 57.40 to improve the
outlook and target down trendline resistance at 65.00. Bears continue to focus
on the Dec 26 low, below which would extend the downtrend. 

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