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BRENT TECHS: (F20): Trendline Support Intact *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (F20): Trendline Support Intact
*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: $61.77 @ 06:36 GMT Nov 13
*SUP 1: $61.40 - 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
BRENT continues to consolidate however a bullish outlook is maintained. Price
action is holding above trendline support drawn off the Oct 3 low that
intersects at $61.40. While the trendline holds, the focus is on a climb towards
the $63.96 retracement with the bull trigger at $63.32. An additional key
support has been defined at $60.66, Nov 8 low and just below the trendline. A
break is required to threaten the uptrend.

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