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BRENT TECHS: (G20): Bull Trend Resumes
*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: $64.88 - High Dec 6
*PRICE: $64.21 @ 06:34 GMT Dec 9
*SUP 1: $62.75 - Low Dec 5
*SUP 2: $61.00 - Low Dec 4
*SUP 3: $60.30 - Low Dec 3 and key support
*SUP 4: $59.44 - Low Nov 20
BRENT was firmer Friday and has cleared the key resistance and bull trigger at
$63.58, Nov 27 high. The outlook is bullish and the break higher confirms a
resumption of the uptrend that has been in place since Oct 3 low opening $64.98,
76.4% retracement of the Sep 16 to Oct 3 decline. A breach of this level would
open $68.02, Sep 16 high. Initial support lies at $62.75, level, the Dec 5 low.

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