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BRENT TECHS: (N20): Stalls At $32.27 For Now *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N20): Stalls At $32.27 For Now
*RES 4: $35.60 - High Apr 14
*RES 3: $34.26/27 - 50-day EMA / High Apr 15
*RES 2: $33.75 - 76.4% retracement of the Apr 9 - 22 sell-off
*RES 1: $32.27 - High May 6
*PRICE: $29.87 @ 06:39 BST May 8
*SUP 1: $28.66 - Low May 6
*SUP 2: $27.77 - Low May 5 and key intraday support
*SUP 3: $25.50 - Low May 4
*SUP 4: $24.41 - Low Apr 30
Brent futures have for now stalled at $32.27, Wednesday's high. Despite the
recent pullback, a bullish theme remains in place for now. Futures have recently
cleared the 20-day EMA reinforcing a bullish cycle. This follows the recent
break of $26.98, Apr 23 high that confirmed a short-term reversal. Attention is
on $33.75, 76.4% of the Apr 9 - 22 decline and $34.26, the 50-day EMA. The
average is a key resistance area. Initial firm support is at $27.77.

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