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BRENT TECHS: (K20): Bears Remain In Charge *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (K20): Bears Remain In Charge
*RES 4: $59.56 - High Feb 20 and key resistance
*RES 3: $57.26 - High Feb 24
*RES 2: $54.78 - High Feb 26
*RES 1: $53.42 - Low Feb 10 and former breakout level
*PRICE: $50.31 @ 07:49 GMT Feb 28
*SUP 1: $50.00- Psychological round number
*SUP 2: $48.64 -138.2% retracement projection of the Oct 3 - Jan 8 rally
*SUP 3: $46.79 - 150.0% retracement projection of the Oct 3 - Jan 8 rally
*SUP 4: $44.94 - 161.8% retracement projection of the Oct 3 - Jan 8 rally
Brent maintains its 2020 downtrend. This week's sell-off resulted in a break of
the $53.42 low from Feb 10 and confirms a resumption of the bear trend. The move
lower reinforces the bearish price sequence of lower lows and lower highs and
places bears firmly in control of the trend. The focus is on a move towards
$48.64 next, a Fibonacci retracement projection. On the upside, firm resistance
is seen at $53.42.

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