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BRENT TECHS: (N19): 200/55-DMAs Provide Key..........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): 200/55-DMAs Provide Key Support
*RES 4: $80.37 - High Oct 17, 2018 
*RES 3: $76.35 - 76.4% retracement 
*RES 2: $74.75 - High Apr 25 
*RES 1: $72.79 - High Apr 30 
*PRICE: $71.08 @ 05:33 GMT May 7 
*SUP 1: $68.82/68.69 - 200-dma/55-dma 
*SUP 2: $68.21 - High March 21 
*SUP 3: $65.89 - Low March 28 
*SUP 4: $63.91 - Low March 8 
Brent futures mounted an upside reversal off of key support yesterday at the
intersection of the 200/55-dmas at $68.82/68.69. The focus now returns to the
April 30 high at $72.79 with a break opening the ytd high at $74.75. Bears look
for a break below the 200/55-dmas to shift the outlook negative. Below here
would open the March 21 high at $68.21. 

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