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BRENT TECHS: (M19): Recovery Rolls On *RES 4:........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (M19): Recovery Rolls On
*RES 4: $76.43 - High Jul 10, 2018
*RES 3: $75.36 - Low Oct 25 
*RES 2: $74.00 - Channel top 
*RES 1: $73.85 - High Nov 5 
*PRICE: $71.97 @ 05:39 GMT Apr 17
*SUP 1: $70.74 - Low Apr 16
*SUP 2: $69.00/68.87 - 200-dma/Low Apr 4 
*SUP 3: $68.10 - Uptrend support from Feb lows 
*SUP 4: $66.76/65.89 - 55-dma/Low March 28 
Brent futures briefly dipped below the $71 level yesterday before mounting a
recovery to post fresh ytd highs. The next upside target comes in at the Nov 5
high at $73.85ahead of channel top resistance at $74.00. A break above here
would open the Oct 25 low at $75.35. Bears look for a break below yesterday's
low at $70.74 to negate the break and shift focus to the 200-dma at $69.00 and
the April 4 low at $68.87.

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