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BRENT TECHS: (J19): Bulls Target Nov 16 Highs *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (J19): Bulls Target Nov 16 Highs
*RES 4: $71.19 - 200-dma (continuation chart) 
*RES 3: $70.30 - Low Aug 15(continuation chart) 
*RES 2: $68.38 - High Nov 16 (continuation chart) 
*RES 1: $66.78 - Intraday high
*PRICE: $66.34 @ 05:28 GMT Feb 18 
*SUP 1: $63.63 - Low Feb 4, now support 
*SUP 2: $60.60 - Low Feb 7 
*SUP 3: $58.90 - Low Jan 14 (continuation chart) 
*SUP 4: $49.93 - Low Dec 26 (continuation chart) 
Brent futures continue to move higher after breaking out of their range last
week, with the Aug 15 high at $68.38 now coming into focus. A break above here
would open the $70 area which holds the Aug lows at $70.30. Bears need to break
back below the Feb 4 high at $63.63 which now acts as support, below here would
open the Feb 7 low at $60.60 ahead of a return to the Jan 14 low at $58.90.

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