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BRENT TECHS: (G19) No Bounce In Sight *RES 4:.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G19) No Bounce In Sight 
*RES 4: $75.00 - Resistance 
*RES 3: $73.50 - 200-dma 
*RES 2: $65.00 - Down trendline resistance 
*RES 1: $59.89 - 21-dma 
*PRICE: $56.32 @ 05:50 GMT Dec 20
*SUP 1: $55.00 - Up trendline support from 2016 lows 
*SUP 2: $53.00 - Triangle breakout target 
*SUP 3: $50.00 - Support 
*SUP 4: $48.97 - Low Jun 21, 2017 
Feb-19 Brent futures extended their bearish trend yesterday bringing up
trendline support from the 2016 lows into focus at $55. Below here would open
the triangle breakout target at the $53 level. Bulls look to close above the
21-dma at $59.89 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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