Free Trial

BRENT TECHS: (N19): Back Above 200-DMA *RES 4:......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): Back Above 200-DMA 
*RES 4: $74.75 - High Apr 25 
*RES 3: $73.40 - High May 20 
*RES 2: $70.88 - 21-dma 
*RES 1: $69.87 - 55-dma 
*PRICE: $68.88 @ 02:47 GMT May 27 
*SUP 1: $67.02 - Low May 23 
*SUP 2: $65.59 - Low March 28 
*SUP 3: $63.91 - Low March 8 
*SUP 4: $63.00 - 50% retracement of Dec-April rally 
Brent futures closed right on their 200-dma on Friday and have recovered the
level in early Asian trading, shifting the focus to the 55-dma at $69.87. A
break above here would open the 21-dma at $70.88 ahead of the May 20 high at
$73.40. For bears a close back below the 200-dma at $68.69 would return the
focus to Thursday's low at $67.20, below which would open the March 28 low down
at $65.59. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.