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ICE BRENT (G19) Bulls & Bears Even......>

COMMODITIES
COMMODITIES: ICE BRENT (G19) Bulls & Bears Even Around $52
*RES 5: $75.00 - Resistance
*RES 4: $73.13 - 200-dma
*RES 3: $65.00 - Down trendline resistance
*RES 2: $59.11 - 21-dma
*RES 1: $55.00 - Up trendline support from 2016 lows
*PRICE: $52.22 @ 14:40 GMT Dec 28
*SUP 1: $52.00 - Triangle breakout target
*SUP 2: $50.00 - Support
*SUP 3: $48.97 - Low Jun 21, 2017
Brent futures bounced off trendline support from the 2016 lows yesterday as they
rallied with the equity market. Bears are still focusing on the triangle
breakout target at $52. Bulls look to close above the 21-dma at $59.11 which has
held firm despite a number of tests. Above here would allow a challenge of key
downtrend resistance coming in at $65.

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