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BRENT TECHS: (N20): Breaches The 20-Day EMA *RES.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N20): Breaches The 20-Day EMA
*RES 4: $33.75 - 76.4% retracement of the Apr 9 - 22 sell-off
*RES 3: $31.12 - 61.8% retracement of the Apr 9 - 22 sell-off
*RES 2: $30.18 - High Apr 21
*RES 1: $28.99 - 50.0% of the Apr 9 - 22 sell-off
*PRICE: $28.36 @ 06:36 BST May 5
*SUP 1: $25.50 - Low May 4 and key intraday support
*SUP 2: $24.41 - Low Apr 30
*SUP 3: $22.73 - Low Apr 29
*SUP 4: $21.92 - Low Apr 28 and key support
Brent futures continue to recover and have traded through the 20-day EMA at
$28.08. The move higher follows the recent break of $26.98, Apr 23 high that
confirmed a short-term bullish outlook. With the 20-day EMA breached, attention
turns to $30.18 next, the Apr 21 high. Clearance of $30.18 is needed to further
reinforce a bullish theme and signal scope for stronger gains. Initial support
is at $25.50, the May 5 low.

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