BRENT TECHS: (H19) Uptrend Could Be Tested *RES 4:...>

BRENT TECHS: (H19) Uptrend Could Be Tested

*RES 4: $75.11 - Low Oct 26 (continuation chart) 

*RES 3: $72.26 - 200-dma (continuation chart)

*RES 2: $64.61 - Low Nov 13 (continuation chart) 

*RES 1: $63.94 - High Dec 7 (continuation chart)

*PRICE: $62.20 @ 05:17 GMT Jan 23

*SUP 1: $61.16 - Up trendline support from Dec 26 low (continuation chart)

*SUP 2: $58.90 - Low Jan 14 (continuation chart)

*SUP 3: $50.22 - Low Dec 26 (continuation chart)

*SUP 4: $44.35 - Low Jun 21, 2017 (continuation chart)

Brent futures remain within their uptrend from the Dec 26 lows with support

coming in the form of the trendline at $61.16. Bulls look to the Dec 7 highs for

the next upside target which comes in at $63.94, above which opens the Nov 13

lows, now acting as resistance. On the downside a break below $60 is needed to

open the Jan 14 low and return the focus to the Dec 26 low.