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BRENT TECHS: (H20): Pressuring Key Resistance *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (H20): Pressuring Key Resistance
*RES 4: $69.28 - 2.382 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 3: $68.00 - Round number resistance
*RES 2: $67.73 - 2.00 projection of Nov 20 - Nov 27 rally from Dec 3 low
*RES 1: $67.09 - High Sep 16 and key resistance
*PRICE: $67.02 @ 06:50 GMT Dec 30
*SUP 1: $65.83 - High Dec 19
*SUP 2: $64.80 - Low Dec 20 and key near-term support
*SUP 3: $63.56 - Low Dec 13
*SUP 4: $62.16 - Low Dec 11 and initial key support
The outlook for BRENT remains bullish. Futures have continued to extend gains
this month, maintaining the strong rally that started Oct 3. Price is currently
pressuring key resistance at $67.09, Sep 16 high. A clear breach of this
resistance would further reinforce the bullish theme and pave the way for
strength towards $67.73, a Fibonacci projection and the $68.00 handle. Initial
support is seen at $65.83.

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