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BRENT TECHS: (F20): Resumption Of Bull Trend *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F20): Resumption Of Bull Trend
*RES 4: $69.16 - High Sep 16 and primary resistance
*RES 3: $66.58 - Nov 17 high
*RES 2: $65.95 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 1: $64,03 - High Nov 21 and bull trigger
*PRICE: $63.50 @ 06:34 GMT Nov 22
*SUP 1: $61.92 - Low Nov 21
*SUP 2: $60.30 - Low Nov 20 and key support
*SUP 3: $59.20 - Low Oct 31
*SUP 4: $57.97 - Low Oct 21
BRENT has erased recent bearish threats following sharp gains over the past two
sessions. Yesterday resulted in a break of resistance at $63.65, Nov 15 high and
the bull trigger. The break confirms a resumption of the uptrend and also
resulted in a test of $63.96, 61.8% of the decline between Sep 16 - Oct 3. An
extension higher would open the 76.4% retracement at $65.95. Key support has
been defined at $60.30.

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