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BRENT TECHS: (F20): Trendline Support Holds For......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F20): Trendline Support Holds For Now
*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: $63.65 - High Nov 15
*PRICE: $62.32 @ 06:40 GMT Nov 19
*SUP 1: $62.21 - Trendline support drawn off Oct 3 low
*SUP 2: $61.22 - Low Nov 13
*SUP 3: $60.66 - Low Nov 8 and intraday bear trigger
*SUP 4: $59.20 - Low Oct 31
BRENT activity remains somewhat volatile, pulling back yesterday off Friday's
high of $63.65. Price action however remains above trendline support drawn off
the Oct 3 low that intersects at $62.21 today. While the trendline holds, the
focus is on a climb towards the $63.96 retracement next. Below the trendline
lies an additional key support at $60.66, Nov 8 low. A break here is required to
threaten the uptrend.

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