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BRENT TECHS: (X18) Big Move Could Be On Its Way
*RES 4: $95.00 - Channel top
*RES 3: $90.00 - Resistance
*RES 2: $87.00 - Measured move breakout target
*RES 1: $80.00 - Resistance
*PRICE: $77.97 @ 06:04 GMT
*SUP 1: $76.91 - 21-dma
*SUP 2: $75.20 - 55-dma
*SUP 3: $70.67 - Low August 15
*SUP 4: $69.24 - Low April 18
Nov-18 Brent futures continues to trade in a tight range between its 21-dma on
the downside and the key $80 level on the upside. The bigger picture trend
remains positive and a close above $80 would suggest a large bullish breakout.
On the other hand, a drop back below the 21 and 55-dmas would keep hopes of a
larger topping pattern and target the Aug 15 low.