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BRENT TECHS: (G20): Probes Key Resistance *RES 4:....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (G20): Probes Key Resistance
*RES 4: $70.16 - 2.382 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 3: $70.00 - Psychological round number
*RES 2: $68.58 - 2.00 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 1: $68.10 - Intraday high
*PRICE: $67.99 @ 06:49 GMT Dec 27
*SUP 1: $66.78 - High Dec 19
*SUP 2: $65.70 - Low Dec 20 and key near-term support
*SUP 3: $64.50 - Low Dec 13
*SUP 4: $63.01 - Low Dec 11 and initial key support
The outlook for BRENT remains bullish. Futures have continued to extend gains,
maintaining the strong rally that started Oct 3. Price has today probed the key
resistance at $68.02, Sep 16 high. A clear breach of this resistance would
further reinforce the bullish theme and pave the way for strength towards
$68.58, a Fibonacci projection and the psychological $70.00 handle. Initial
support is seen at $66.78.

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