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BRENT TECHS: (X18) Consolidating Ahead Of Further Gains
*RES 4: $100.0 - Resistance
*RES 3: $95.00 - Channel top
*RES 2: $90.00 - Resistance
*RES 1: $87.00 - Measured move breakout target
*PRICE: $81.72 @ 05:33GMT
*SUP 1: $78.99 - 21-dma
*SUP 2: $75.86 - 55-dma
*SUP 3: $70.67 - Low August 15
*SUP 4: $69.24 - Low April 18
Price action has been fairly muted in Nov-18 Brent futures with the recent
sideways trading likely setting up for another leg higher. A break above
Tuesday's high of $82.55 would suggest a run at the $87 measured move breakout
target from the four-month trading range. Bears need a break back below $80 to
gain some breathing room to target the the 21-dma at $78.99.