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BRENT TECHS: (M19): Trend Of Higher Lows Intact......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (M19): Trend Of Higher Lows Intact
*RES 4: $75.36 - Low Oct 25 
*RES 3: $73.85 - High Nov 5 
*RES 2: $73.50 - Channel top 
*RES 1: $71.77/78 - 61.8% retracement/High Apr 10 
*PRICE: $71.00 @ 05:38 GMT Apr 12 
*SUP 1: $69.05/68.87 - 200-dma/Low Apr 4 
*SUP 2: $67.60 - Uptrend support from Feb lows 
*SUP 3: $66.73/65.89 - 50-dma/Low March 28 
*SUP 4: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 
Brent futures pulled back from its highs yesterday but has managed to so far
keep the trend of higher highs and higher lows intact. Bulls look to recover
Wednesday's high at $71.78 and the 61.8% retracement to open the channel top
which currently comes in at $73.50. Bears need a break below the 200-dma at
$69.05 and the April 4 low at $68.87 to stabilise the outlook and open a run at
uptrend support from the Feb lows at $67.50.

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