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BRENT TECHS: (H20): Trades Above Key Resistance......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (H20): Trades Above 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: $67.59 - High Dec 30
*PRICE: $66.60 @ 06:30 GMT Dec 31
*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
BRENT traded in a choppy manner yesterday however the outlook remains bullish.
Futures have continued to extend gains this month, maintaining the strong rally
that started on Oct 3. Price yesterday also traded above 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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