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BRENT TECHS: (F20): Bulls Hold On Above Trendline....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F20): Bulls Hold On Above Trendline
*RES 4: $66.58 - High Sep 17
*RES 3: $65.95 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 2: $63.96 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 1: $63.32/49 - High Nov 6 / High Sep 19
*PRICE: $62.45 @ 06:17 GMT Nov 12
*SUP 1: $61.20 - Trendline support drawn off Oct 3 low
*SUP 2: $60.66 - Low Nov 8 and intraday bear trigger
*SUP 3: $59.20 - Low Oct 31
*SUP 4: $58.67 - Low Oct 23
The BRENT near-term outlook remains bullish. Price action continues to hold
above trendline support drawn off the Oct 3 low that intersects at $61.20.
Friday's recovery marked a bounce off the trendline once again. The focus is on
a climb towards the $63.96 retracement with the bull trigger at $63.32. Key
support has been defined at $60.66, Friday's low and just below trendline
support. A break is required to threaten the uptrend.

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