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BRENT TECHS: (G19) Bears Tighten The Screws *RES.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G19) Bears Tighten The Screws
*RES 5: $75.00 - Resistance
*RES 4: $73.44 - 200-dma
*RES 3: $65.00 - Down trendline resistance
*RES 2: $59.42 - 21-dma
*RES 1: $55.00 - Up trendline support from 2016 lows
*PRICE: $53.72 @ 10:26 GMT Dec 24
*SUP 1: $53.00 - Triangle breakout target
*SUP 2: $50.00 - Support
*SUP 3: $48.97 - Low Jun 21, 2017
The selloff in Feb-19 Brent futures extended below up trendline support from the
2016 lows yesterday which now brings the triangle breakout target at $53 into
focus. Bulls look to close above the 21-dma at $59.42 which has held firm
despite a number of tests. Above here would allow a challenge of key downtrend
resistance coming in at $65.

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