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BRENT TECHS: (Z18) Clinging To Support At $80 *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z18) Clinging To Support At $80
*RES 4: $95.00 - Channel top 
*RES 3: $90.00 - Resistance 
*RES 2: $86.74 - High Oct 4 
*RES 1: $82.05 - 21-dma 
*PRICE: $80.11 @ 05:33GMT 
*SUP 1: $80.00 - Support 
*SUP 2: $78.06 - 55-dma 
*SUP 3: $72.14 - 200-dma 
*SUP 4: $70.85 - Low Aug 15 
Brent futures continue to hold the $80 level on a closing basis but the recovery
has been weak keeping the focus on the downside. A close below here would shift
the outlook bearish and bring the 55-dma into play, below which would signal a
bearish reversal. For bulls to use the $80 level as a launchpad they need to
overcome the 21-dma the lies just ahead at $82.05, above which the Oct 4 high at
$86.74 comes into play. 

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