BRENT TECHS: (G20): Bullish Theme Remains Intact.....>

BRENT TECHS: (G20): Bullish Theme Remains Intact

*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: $64.68 @ 07:17 GMT Dec 13

*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 outlook is unchanged and remains bullish. Price recently cleared the key

resistance and bull trigger at $63.58, Nov 27 high. The outlook remains bullish

with the break confirming a resumption of the uptrend that has been in place

since the Oct 3 low. Attention is on $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, the Dec 5 low.