BRENT TECHS: (Z18) Bulls Need To Hold 55-DMA *RES....>

BRENT TECHS: (Z18) Bulls Need To Hold 55-DMA

*RES 4: $95.00 - Channel top 

*RES 3: $90.00 - Resistance 

*RES 2: $86.74 - High Oct 4 

*RES 1: $82.11 - 21-dma 

*PRICE: $79.51 @ 05:55GMT 

*SUP 1: $78.34 - 55-dma 

*SUP 2: $75.20 - Low Sep 6 

*SUP 3: $72.34 - 200-dma 

*SUP 4: $70.85 - Low Aug 15 

Brent futures continue to drift lower with bulls unable to sustain its recovery

of the $80 level yesterday bringing the 55-dma into focus at $78.34. A close

below here would shift the outlook bearish targeting the Sep 6 low. Bulls need

to close back above $80 to keep the positive trend intact and challenge the

21-dma currently at $82.11. Above here would reignite upside momentum.