Free Trial

BRENT TECHS: ICE BRENT(V18) Bulls Need July 18.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: ICE BRENT(V18) Bulls Need July 18 Lows To Hold
*RES 4: $76.15 - Low July 6 now resistance 
*RES 3: $75.79 - High July 30 
*RES 2: $74.96 - 55-DMA 
*RES 1: $74.90 - High August 7 
*PRICE: $72.55 @ 0540GMT 
*SUP 1: $71.30 - Low July 18 
*SUP 2: $70.80 - Bear channel support 
*SUP 3: $70.53 - High April 4 now support 
*SUP 4: $68.43 - 200-DMA 
Yesterday's selloff has shifted the focus back to the downside with the July 18
low at $71.30 the next line of support before the bear channel bottom comes in
at $70.80. Below here would open up a run at the 200-DMA, currently at $68.43.
Bulls need to recover the August 7 high of $74.90 and 550-DMA at $74.96 to
regain the momentum.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.