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BRENT TECHS: (Z18) Potential Parabolic Move *RES.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z18) Potential Parabolic Move
*RES 4: $100.0 - Resistance 
*RES 3: $95.00 - Channel top 
*RES 2: $90.00 - Resistance 
*RES 1: $87.00 - Measured move breakout target 
*PRICE: $85.06 @ 06:02GMT 
*SUP 1: $80.00 - Support 
*SUP 2: $76.23 - 55-dma 
*SUP 3: $70.85 - Low August 15 
*SUP 4: $67.87 - Low April 18 
Dec-18 Brent futures surged above $85 yesterday and are clinging to this level
today. The $87 level provides the next upside target marking the measured move
from the four-month long trading range. Above here could trigger a further
bullish acceleration as the trend turns parabolic. Bears look for signs of
bullish exhaustion in order to return the focus to the $80 level to mount a
reversal. 

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