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BRENT TECHS: (H20): Trading At Recent Lows *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (H20): Trading At Recent Lows
*RES 4: $67.83 - 50.0% retracement of the Jan 8 - Jan 13 sell-off
*RES 3: $66.91 - 38.2% retracement of the Jan 8 - Jan 13 sell-off
*RES 2: $66.10 - High Jan 9
*RES 1: $65.27 - High Jan 13
*PRICE: $64.37 @ 06:17 GMT Jan 15
*SUP 1: $63.92 - Low Jan 13 and 14
*SUP 2: $63.32 - 50% retracement of the Oct 3 - Jan 8 rally
*SUP 3: $62.16 - Low Nov 12
*SUP 4: $61.32 - 61.8% retracement of the Oct 3 - Jan 8 rally
BRENT remains weak and trades at recent lows. Futures are still seen likely to
move lower following the sharp sell-off from $71.75, Jan 8 high last week. This
also resulted in a break of support at $65.63, Dec 31 low to effectively suggest
a top has been put in place for now. Momentum studies are pointing South too.
With the technical picture still bearish, attention is on $63.32, a retracement
level. On the upside, resistance is seen at $66.10.

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