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BRENT TECHS: (H20): Bull Rally Intact *RES 4:........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (H20): Bull Rally Intact
*RES 4: $71.80 - 3.00 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 3: $71.00 - Round number resistance
*RES 2: $70.84 - 2.764 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 1: $70.74 - High Jan 6
*PRICE: $68.18 @ 06:32 GMT Jan 7
*SUP 1: $67.86 - Intraday low
*SUP 2: $67.59 - High Dec 30
*SUP 3: $66.22 - Low Jan 3
*SUP 4: $65.63 - Low Dec 31 and key near-term support
BRENT rallied sharply higher yesterday but then sold off equally spectacularly
off the day high. Despite this volatile price action, a bullish outlook is
maintained. This follows the recent break of $67.59, Dec 30 high that once again
confirmed a resumption of the uptrend that has been in place since early
October. Attention if on $70.84 and $71.80 next, both Fibonacci projection
levels. Initial support lies at $67.59.

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