BRENT TECHS: (X18) Yet To Make The Break *RES 4:.....>

BRENT TECHS: (X18) Yet To Make The Break

*RES 4: $95.00 - Channel top 

*RES 3: $90.00 - Resistance 

*RES 2: $87.00 - Measured move breakout target 

*RES 1: $80.13 - High Sep 12 

*PRICE: $78.73 @ 04:53 GMT 

*SUP 1: $77.87 - 21-dma 

*SUP 2: $75.34 - 55-dma 

*SUP 3: $70.67 - Low August 15 

*SUP 4: $69.24 - Low April 18 

Brent continues to struggle to overcome the $80 level on a closing basis and the

drop back below $79 suggests bears have some breathing room to target the 21-dma

at $77.87. A break below here would shift the outlook back to neutral, while

below the 55-dma at $75.34 would return the focus to the downside. A close above

$80.13 would trigger a large bullish breakout and open up the $87.00 level as

the measured move target from the bull flag formation.