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BRENT TECHS: (K19): Unable To Bounce Off 21-DMA
*RES 4: $69.72 - 200-dma
*RES 3: $67.84 - High Feb 22
*RES 2: $67.14 - High Mar 1
*RES 1: $67.00 - High Mar 7
*PRICE: $65.79 @ 05:36 GMT Mar 8
*SUP 1: $65.36 21-dma
*SUP 2: $64.59/49 - Low Mar 1/Low Feb 26
*SUP 3: $63.63 - High Feb 4
*SUP 4: $60.64 - Low Feb 7
Brent futures continue to trade just above the 21-dma with rally attempts
lacking sustainability in recent sessions. A break below $65.36 would shift the
focus to the downside opening the March 1 and Feb 26 lows. Below here would
suggest a downside reversal to the Feb 4 high at $63.63. Bulls target
yesterday's high at $67.00, above which would bring the March 1 high at $67.14
into focus ahead of the Feb 22 high at $67.84.