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BRENT TECHS: Extends Pullback

BRENT TECHS, DOLLAR-SING
BRENT TECHS: Extends Pullback
*RES 4: $73.93 - High August 14 
*RES 3: $73.80 - 100-DMA
*RES 2: $73.72 - Channel top resistance
*RES 1: $71.41 - Low August 10 now resistance
*PRICE: $71.03 @ 07:01 GMT 
*SUP 1: $70.30 - Low August 15 
*SUP 2: $69.64 - Low April 18 
*SUP 3: $69.06 - High April 10 now support 
*SUP 4: $68.73 - 200-DMA
Failure to overcome the initial down trendline resistance and the 55-dma has
seen a sharp reversal through channel support to 70.30. Bears will need a close
below 70.00 and challenge the 200-dma, currently at 68.73, to keep the downside
move intact. Bulls need to break channel top and recover the August 7 high of
74.90 to regain momentum.

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