Trial now
US TSYS

Treasury Rally Resumes On Renewed Omicron Fears

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V19): Bearish theme neutralised
*RES 4: $62.95 - High Aug 2
*RES 3: $62.59 - 50-day EMA
*RES 2: $61.78 - 61.8% retracement of the Jul 31-Aug 7 decline
*RES 1: $61.50 - High Aug 12
*PRICE: $60.65 @ 06:37 BST Aug 14
*SUP 1: $58.00 - Low Aug 13
*SUP 2: $57.11 - Low Aug 9
*SUP 3: $55.88 - Low Aug 7 and key bear trigger
*SUP 4: $52.51 - Low Jan 2 (YTD low) (continuation)
Brent is holding onto gains following the bounce off last Wednesday's low and
extended the upside yesterday, clearing resistance at $59.23, the Aug 7 high.
This has neutralised the recent bearish tone. With short-term conditions
appearing more constructive, the focus is on yesterday's high of $61.50. A break
would challenge resistance around the 50-day EMA at $62.59. Support for today
lies at $58.00, yesterday's low.