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BRENT TECHS: (Z18) $80 Level Gives Way *RES 4:......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z18) $80 Level Gives Way 
*RES 4: $95.00 - Channel top 
*RES 3: $90.00 - Resistance 
*RES 2: $86.74 - High Oct 4 
*RES 1: $82.07 - 21-dma 
*PRICE: $79.44 @ 05:35GMT 
*SUP 1: $78.06 - 55-dma 
*SUP 2: $75.20 - Low Sep 6 
*SUP 3: $72.14 - 200-dma 
*SUP 4: $70.85 - Low Aug 15 
Brent futures finally broke below the key $80 level on a closing basis yesterday
which shifts the outlook negative as bears eye the 55-dma at $78.06. A break
below here would target the Sep 6 low and suggest a bearish reversal is in the
works. Bulls need to recover $80 to challenge the 21-dma at $82.07, which has
capped recovery efforts.  

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