(J3) Maintains A Firmer Tone

• RES 4: $92.64 - High Nov 14
• RES 3: $90.34 - 76.4% retracement of the Nov 7 - Dec 12 bear leg
• RES 2: $89.00 - High Jan 23 and the bull trigger
• RES 1: $86.95 - High Feb 14
• PRICE: $86.20 @ 07:20 GMT Feb 14
• SUP 1: $83.05/79.10 - Low Feb 9 / 6
• SUP 2: $77.77 - Low Jan 5
• SUP 3: $75.89 - Low Dec 12 and the bear trigger
• SUP 4: $73.48 - 1.00 proj of the Nov 7 - Dec 12 - Jan 23 price swing

Brent futures hold the bulk of the Friday gains, extending the bounce from $79.10, Feb 6 low. Price has moved further away from the 50-day EMA, breached early last week. Markets have exposed the bull trigger at 89.00, having shown above the 86.66 level, marking the 76.4% of the Jan 23 - Feb 6 bear leg. On the downside, a move below $79.10, Feb 6 low, is required to reinstate a bearish theme. Initial support is $83.05, the Feb 9 low.