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BRENT TECHS: (G19) Uptrend Support Gives Way *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G19) Uptrend Support Gives Way
*RES 4: $75.00 - Resistance 
*RES 3: $72.29 - 200-dma 
*RES 2: $65.00 - Down trendline resistance 
*RES 1: $60.74 - 21-dma
*PRICE: $58.74 @ 05:42 GMT Dec 18 
*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 broke below up trendline support from the Nov 29 lows
yesterday bringing the ytd low at $57.79 into focus. Below here would reignite
bearish momentum targeting up trendline support from the 2016 lows which comes
in at $55. Bulls look to close above the 21-dma which has held firm despite a
number of tests. Above here would allow a challenge of key downtrend resistance
coming in at $65.

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