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BRENT TECHS: (J20): Downtrend Remains Intact *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (J20): Downtrend Remains Intact
*RES 4: $64.14 - High Jan 20 and key near-term resistance
*RES 3: $63.81 - High Jan 22
*RES 2: $61.92 - HIgh Jan 23
*RES 1: $59.84 - High Jan 29
*PRICE: $58.19 @ 06:28 GMT Jan 31
*SUP 1: $56.74 - Low Jan 30
*SUP 2: $56.21 - Low Oct 10
*SUP 3: $55.89 - Low Oct 8
*SUP 4: $54.71 - Low Oct 3 and primary support
BRENT traded lower yesterday breaching former support at $57.74, the Jan 27 low.
This confirms a resumption of the downtrend with more weakness likely near-term.
Recent sharp losses are still seen weighing on sentiment and we've yet to see a
meaningful correction unfold as bearish conditions dominate. Attention is on
$57.21 next, the Oct 10 low. Initial resistance is at $59.84, Jan 29 high.

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