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BRENT TECHS: (H19) Jan 11 High In Focus *RES 4:......>

BRENT TECHS: (H19) Jan 11 High In Focus
*RES 4: $71.39 - 200-dma 
*RES 3: $65.22 - Low Nov 13 now resistance 
*RES 2: $63.94 - High Dec 7 
*RES 1: $62.49 - High Jan 11 
*PRICE: $61.78 @ 05:36 GMT Jan 18 
*SUP 1: $57.28 - 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 are honing in on the Jan 11 high at $62.49 and a break above here
would trigger an inverse head and shoulders pattern targeting a significant move
higher. The Dec 7 high at $63.94 marks the next upside target ahead of the Nov
13 lows, now acting as resistance. Bears target the 21-dma at $57.28 below which
would open uptrend support at $55.70 ahead of the Dec 26 cycle lows.

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