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BRENT TECHS: (G20): Upside Extends *RES 4: $70.00....>

BRENT TECHS: (G20): Upside Extends
*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: $66.24 - High Dec 17
*PRICE: $65.76 @ 06:26 GMT Dec 18
*SUP 1: $64.50 - Dec 13 low
*SUP 2: $63.01 - Low Dec 11 and initial key support
*SUP 3: $62.75 - Low Dec 5
*SUP 4: $61.00 - Low Dec 4
BRENT remains bullish and extended gains yesterday. Futures have cleared $64.98,
76.4% retracement of the Sep 16 to Oct 3 decline and once again has confirmed a
resumption of the underlying uptrend. Attention turns to the $68.02 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 $64.50, Dec 13 low.

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