BRENT TECHS: (J19): Upside Break Increasingly........>

BRENT TECHS: (J19): Upside Break Increasingly Likely

*RES 4: $71.35 - 200-dma (continuation chart) 

*RES 3: $64.61 - Low Nov 13 (continuation chart) 

*RES 2: $63.73 - High Dec 7 (continuation chart) 

*RES 1: $63.63 - High Feb 4 

*PRICE: $63.06 @ 05:36 GMT Feb 13 

*SUP 1: $60.60 - Low Feb 7 

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

*SUP 3: $49.93 - Low Dec 26 (continuation chart) 

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

Brent futures have moved to the upper end of their range as bulls target the Feb

4/Dec 7 highs at $63.63/73. Above here would suggest a bullish breakout bringing

the Nov 13 low at $64.61 into view. Bears target the lower end of their range

with the Feb 7 low at $60.60 the downside target. Below here would open the Jan

14 low at $58.90, below which the outlook would turn bearish.