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BRENT TECHS: (K20): Fresh Lows *RES 4: $48.40 -......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (K20): Fresh Lows
*RES 4: $48.40 - Low Feb 2
*RES 3: $45.18 - Low Mar 6 and gap high of the daily chart
*RES 2: $39.70 - High Mar 11
*RES 1: $36.46 - High Mar 12
*PRICE: $28.29 @ 06:48 GMT Mar 18
*SUP 1: $28.00 - Round number support
*SUP 2: $25.90 - 2.00 projection of the Jan 8 - Feb 10 decline from Feb 20 high
*SUP 3: $25.00 - Round number support
*SUP 4: $21.93 - 2.236 projection of the Jan 8 - Feb 10 decline from Feb 20 high
Brent remains vulnerable. The sharp sell-off Mar 9 still weighs with technical
readings continuing to highlight clear bearish conditions. Objectives are
unchanged with the focus on $25.90, a Fibonacci projection now that $29.87 has
been achieved. Note that price action on Mar 9 created a $38.84 - $45.18 gap on
daily charts (partially filled so far). It would not be a surprise to see the
market fill the gap. When this occurs though remains to be seen.

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