(Z1) Fresh Trend High Print

• RES 4: $90.00 - Psychological round number
• RES 3: $88.74 - 2.00 proj of the Aug 23 - Sep 3 - Sep 9 price swing
• RES 2: $86.55 - 1.764 proj of the Aug 23 - Sep 3 - Sep 9 price swing
• RES 1: $86.04 - Intraday high
• PRICE: $85.69 @ 06:56 BST Oct 18
• SUP 1: $82.20/80.30 - Low Oct 13 / 20-day EMA
• SUP 2: $79.08/78.75 - Low Oct 7 and key support / Low Oct 4
• SUP 3: $76.51/75.42 - Low Sep 30 and key support / High Sep 15
• SUP 4: $74.81 - Low Sep 23

The current bull trend in Brent futures remains intact and a fresh high print has been confirmed today. The continuation higher resumes the uptrend again and maintains the bullish price sequence of higher highs and higher lows. Note too that the contract has recently cleared the $80.00 handle, an important psychological hurdle. The focus is on $86.55 next, a Fibonacci projection. Initial firm short-term support is seen at $82.20, Oct 13 low.