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BRENT TECHS: (F20): Choppy Price Action *RES 4:......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F20): Choppy Price Action
*RES 4: $65.95 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 3: $63.96 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 2: $63.65 - High Nov 15 and bull trigger
*RES 1: $62.80 - High Nov 20
*PRICE: $62.18 @ 06:25 GMT Nov 21
*SUP 1: $60.30 - Low Nov 20
*SUP 2: $59.20 - Low Oct 31
*SUP 3: $58.64 - 61.8% retracement of the Oct 3 - Nov 15 rally
*SUP 4: $57.97 - Low Oct 21
BRENT experienced a sharp sell-off Tuesday breaking below its trendline support
drawn off the Oct 3 low that intersected at $62.21. However, yesterday's rally
eradicated Tuesday's move. Price action for now remains just below the former
trendline support-now-resistance, and this keeps the focus on the downside. A
move lower and more importantly, a break of yesterday's $60.30 low would confirm
a resumption of weakness. The bull trigger is $63.65.

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