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BRENT TECHS: (N20): testing The Key 50-day EMA.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N20): testing The Key 50-day EMA
*RES 4: $38.00 - High Apr 9
*RES 3: $35.60 - High Apr 14
*RES 2: $34.27 - High Apr 15
*RES 1: $33.89 - Intraday high and just above the 50-day EMA
*PRICE: $33.61 @ 06:20 BST May 18
*SUP 1: $30.94 - Low May 15
*SUP 2: $28.66 - Low May 6
*SUP 3: $27.77 - Low May 5 and key intraday support
*SUP 4: $25.50 - Low May 4
Brent futures continue to strengthen and have started the week on a firm note
extending the current uptrend. Price action has cleared former resistance at
$32.27 and is currently testing the 50-day EMA. The average intersects at $33.49
today and represents a key resistance area. A clear break of the average would
further reinforce bullish conditions and pave the way for a move towards $35.60.
Key support lies at $28.66, May 6 low.

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