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BRENT TECHS: (H19) Back Above 50-DMA *RES 4:........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (H19) Back Above 50-DMA 
*RES 4: $71.39 - 200-dma 
*RES 3: $65.22 - Low Nov 13 now resistance 
*RES 2: $63.94 - High Dec 7 
*RES 1: $60.72 - 50-dma 
*PRICE: $60.98 @ 05:42 GMT Jan 17
*SUP 1: $57.01 - 21-dma 
*SUP 2: $55.70 - Up trendline support from Dec 26 low 
*SUP 3: $50.22 - Low Dec 26 
*SUP 4: $48.97 - Low Jun 21, 2017 
Brent futures look to be gearing up for another push higher after retaking the
50-dma at $60.72. A close above here would cement the recovery and target a run
at the Dec 7 high at $63.94, triggering an inverse head and shoulders formation.
Bears target the 21-dma at $57.01 below which would open uptrend support at
$55.70 ahead of the Dec 26 cycle lows.

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