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Japan Jun Exports +19.4% Y/Y; 16th Monthly Rise


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BRENT TECHS: (G20): Attempts A Break Of Resistance
*RES 4: $68.02 - High Sep 16 and primary resistance
*RES 3: $65.53 - Nov 17 high
*RES 2: $64.98 - 76.4% retracement of Sep 16 - Oct 3 decline
*RES 1: $63.91 - High Dec 5
*PRICE: $63.23 @ 06:27 GMT Dec 6
*SUP 1: $61.00 - Low Dec 4
*SUP 2: $60.30 - Low Dec 3
*SUP 3: $59.44 - Low Nov 20 and key support
*SUP 4: $58.50 - Low Oct 31
BRENT yesterday attempted a break of key resistance and bull trigger at $63.58,
Nov 27 high. Price probed this level but pulled back off the day high. Despite
this, the outlook is bullish. A clear break higher would resume the uptrend and
open $64.98, 76.4% retracement of Sep 16 - Oct 3 decline. Markets have been
choppy of late and a move lower would open key support at the $60.30 level, Dec
3 low.

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