BRENT TECHS: (G20): Attempts A Break Of Resistance...>

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.