Moeen hits 52 off 28 as Phoenix move up to third in table
Livingstone equally as impressive with unbeaten 51 off 32
Wood impresses with pace and aggression - taking 3-17 off 20 balls
Sams clubs 55 off 25 balls to drag Rockets to 145-6
Rockets collapse to 53-6 after being asked to bat first
Tuesday's double header: Manchester Originals v Welsh Fire (women's at 15:00 BST, men's at 18:30)
Target 146
Image source, Getty ImagesClose games can often be more fun than the big-scoring ones..
One wicket here brings the Rockets right back in, but those few boundaries have just edged it back towards Phoenix.
It's impossible to predict right now!
Charlie Taylor
BBC Radio 5 Sports Extra
The most sensational catch from Sam Cook, leaping over the boundaries. Absolutely extraordinary!
The athleticism is amazing.
Oh my word.
Sam Cook takes the best catch he will probably ever take in his entire life - the only problem is that he was over the rope.
Livingstone swings hard, the ball sails towards Cook who leaps like a salmon and plucks the ball one handed over the line.
He gives a wry laugh. What else can you do?!
Target 146
A good five balls for the Phoenix as they take 12 from Lewis Gregory.
The Edgbaston faithful is awake now. They know their team are going to need their support if they're going to win here.
How has that gone for six?!
Moeen thumps one up to the sky that looks like it's just plinked up perfectly for a fielder to catch, but it's somehow sailed over the ropes!
The Edgbaston crowd finally has a boundary to cheer.
Moeen Ali slashes a wide one from Lewis Gregory for four. The captain has got an important knock to play here.
Target 146
Image source, Getty ImagesOooh, here we go!
Sam Cook is causing some problems now as he bowls a vicious bouncer that Liam Livingstone charges towards, but eventually has to duck underneath.
Batting hasn't looked easy all day but all of a sudden it looks impossible.
Lydia Greenway
Former England batter on BBC radio
Trent Rockets will be really pleased with the start they have made. They will feel like they are in with a sniff but Birmingham Phoenix are very much still in it.
Target 146
The Edgbaston crowd is hoping for a Liam Livingstone special here.
They fall silent as he chips one uncertainly up in the air, but it just evades the fielders. It's not over yet for the Phoenix.
Moeen Ali and Livingstone is still one destructive partnership.
Charlie Taylor
BBC Radio 5 Sports Extra
Image source, Getty ImagesIncredible turnaround here for the Trent Rockets. They will join London Spirit at the top if they do win.
It's been at dramatic powerplay here at Edgbaston.
Image source, BBC SportTarget 146
Fair play, Luke Wood.
Cracking spell of fast bowling that, and he's still got five balls left.
The powerplay belongs to the Rockets.
Target 146
Oh wow.
This is hostile stuff from Luke Wood as he gets some sharp bounce to clatter Moeen Ali on the helmet. Fast and furious.
Wood apologies immediately, Moeen will have a concussion check and a new helmet. This is intense!
Hammond lbw b Wood 20 (Phoenix 25-2)
What a spell of bowling from Luke Wood!
It's a brave move from Lewis Gregory to keep his strike bowler on for another five balls, but it pays off! Full, straight and clatters into Miles Hammond's toes.
Wood doesn't even bother to turn around and wait for the umpire's decision, that's out! Huge pressure on Phoenix.
Oh, huge!
Sam Cook is on to bowl and is launched into the stands by Miles Hammond with real flair. He's on one leg like a flamingo and flicks the ball up, up and for six.
Lovely.
Target 146
The Rockets fielders are so noisy out there. They're trying hard to get into Miles Hammond's head.
Luke Wood is charging in so hard he's fallen over upon releasing the ball - but Hammond is equal to him, thumping the last ball for four.
It's a tense one!
Target 146
Hammond and Moeen Ali scamper a single from the final ball and it's a tough contest out there.
Hammond looks in the mood to punch back, but the bowlers are throwing everything at them at the moment.
Daniel Sams, hero with the bat for the Rockets, is on to bowl and is greeted by another Miles Hammond boundary as he flicks the ball away with ease.
Target 146
Miles Hammond with the first boundary of the innings, counter-attacking Luke Wood who is steaming in like a train.
Charlie Taylor
BBC Radio 5 Sports Extra
Image source, Getty ImagesTrent Rockets have made the best possible start to defending their total.