(K3) Clears Support

• RES 4: $91.48 - High Nov 14
• RES 3: $88.78 - High Jan 23 and a key resistance
• RES 2: $84.00/86.75 - High Mar 9 / 7 and a key resistance
• RES 1: $82.71 - 20-day EMA
• PRICE: $78.45 @ 06:57 GMT Mar 15
• SUP 1: $76.89 - Low Mar 14
• SUP 2: $76.04 - Low Dec 12 and the bear trigger
• SUP 3: $71.30 - 1.00 proj of the Nov 7 - Dec 12 - Jan 23 price swing
• SUP 4: $70.00 - Psychological round number

Brent futures remain vulnerable and the contract traded lower again Tuesday. Price has breached a key support at $78.84, the Feb 6 low and pierced $77.76, the Jan 5 low. A continuation lower and clear break of this level would strengthen bearish conditions. The focus is on $76.04, the Dec 12 low and key medium term support. A break of $76.04 would confirm a resumption of the medium-term downtrend. Initial firm resistance is $84.00, the Mar 9 high.