Free Trial

BRENT TECHS: (Z18) $75 Still Holding *RES 4:.........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z18) $75 Still Holding
*RES 4: $90.00 - Resistance 
*RES 3: $86.74 - High Oct 4 
*RES 2: $81.30 - 21-dma 
*RES 1: $80.00 - Resistance 
*PRICE: $76.43 @ 05:32GMT 
*SUP 1: $75.00 - Support 
*SUP 2: $72.48 - 200-dma 
*SUP 3: $70.85 - Low Aug 15 
*SUP 4: $70.00 - Support 
Brent futures remained above Wednesday's low yesterday keeping the $75 level
intact, which is rising in importance as a support level. Bulls need to hold
above here and target the $80 level, above which would which return the focus to
the upside and the 21-dma currently at $81.30. The downtrend remains intact
though and a break below $75 would mark a bearish reversal, opening the 200-dma
at $72.48.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.