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BRENT TECHS: (F19) Holding Blow 200-DMA *RES 4:.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F19) Holding Blow 200-DMA 
*RES 4: $90.00 - Resistance 
*RES 3: $86.74 - High Oct 4 
*RES 2: $80.00 - Resistance 
*RES 1: $78.33 - 55-dma 
*PRICE: $72.00 @ 05:28 GMT 
*SUP 1: $70.93 - Low Aug 15 
*SUP 2: $70.00 - Support 
*SUP 3: $66.58 - High Jan 26 
*SUP 4: $59.45 - Low Feb 14 
Brent futures recovered the $73 level yesterday temporarily before closing back
below its 200-dma to keep the bearish trend intact. The Aug 15 low at $70.93 is
the next downside target, below which would open the $70 level. Bulls need to
recover the 200-dma to stabilise the near-term outlook but a break above the
55-dma at $78.33 is needed to shift the focus higher.

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