BRENT TECHS: (H19) Pullback Looks Corrective *RES....>

BRENT TECHS: (H19) Pullback Looks Corrective

*RES 4: $71.39 - 200-dma 

*RES 3: $65.22 - Low Nov 13 now resistance 

*RES 2: $63.94 - High Dec 7 

*RES 1: $61.40 - 50-dma 

*PRICE: $59.58 @ 05:37 GMT Jan 15 

*SUP 1: $56.86 - 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 have pulled back from recent highs but weakness appears corrective

for now and bulls continue to target the 50-dma at $61.40. A break above here

would cement the recovery and target a run at the Dec 7 high at $63.94. Bears

target the 21-dma at $56.86 below which would target uptrend support at $55.70,

a break of which would open the Dec 26 cycle lows.