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BRENT TECHS: (F19) Bottom Or Bear Trap? *RES 4:......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Bottom Or Bear Trap?
*RES 4: $80.00 - Resistance 
*RES 3: $75.10 - 55-dma 
*RES 2: $72.67 - 200-dma 
*RES 1: $67.00 - Down trendline resistance 
*PRICE: $60.99 @ 05:42GMT 
*SUP 1: $58.41 - Low Nov 23 
*SUP 2: $55.00 - Up trendline support from 2016 lows 
*SUP 3: $50.00 - Support 
*SUP 4: $48.80 - Low Jun 21, 2017 
Brent futures have recovered the $60 level after holding the Nov 23 lows
yesterday. . Bulls need to reclaim the $67 level to break above down trendline
resistance, opening the 200-dma at $72.67. Above here would suggest a bullish
reversal. On the downside, a close below $58.41 would bring up trendline support
from the 2016 lows into focus which comes in at $55.

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