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BRENT TECHS: (G20): Bullish Outlook Intact *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G20): Bullish Outlook Intact
*RES 4: $70.00 - Psychological round number
*RES 3: $68.58 - 2.00 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 2: $68.02 - High Sep 16 and primary resistance
*RES 1: $67.00 - 1.618 projection of Nov 20 - Nov 27 rally from Dec 3 low
*PRICE: $65.99 @ 07:47 GMT Dec 23
*SUP 1: $65.12 - Low De 17
*SUP 2: $64.50 - Low Dec 13
*SUP 3: $63.01 - Low Dec 11 and initial key support
*SUP 4: $62.75 - Low Dec 5
Despite pulling back Friday, BRENT remains bullish. Futures have recently
cleared $64.98, 76.4% retracement of the Sep 16 to Oct 3 decline maintaining the
bullish price sequence of higher highs and higher lows. Attention is on $68.02,
the key resistance and Sep 16 high. The first objective though is at $67.00, a
Fibonacci projection level. On the downside, initial support lies at $65.12, Dec
17 low.

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