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

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G20): Bullish Theme Remains Intact
*RES 4: $70.00 - Psychological round number
*RES 3: $68.02 - High Sep 16 and primary resistance
*RES 2: $67.00 - 1.618 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 1: $65.79 - High Dec 13
*PRICE: $64.47 @ 06:19 GMT Dec 17
*SUP 1: $63.01 - Low Dec 11 and initial key support
*SUP 2: $62.75 - Low Dec 5
*SUP 3: $61.00 - Low Dec 4
*SUP 4: $60.30 - Low Dec 3 and key support
BRENT is unchanged and remains bullish. Price pushed higher Friday and cleared
the former resistance at $64.88, Dec 6 high. This confirms a resumption of the
uptrend that has been in place since the Oct 3 low and maintains the bullish
price sequence of higher highs and higher lows. Note too that $64.98, 76.4%
retracement of the Sep 16 to Oct 3 decline has also been breached. This opens
$68.02, Sep 16 high. Initial key support lies at $63.01, the Dec 11 low.

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