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BRENT TECHS: (N19): Close Above 200-DMA Keeps........>

BRENT TECHS: (N19): Close Above 200-DMA Keeps Outlook Neutral  
*RES 4: $76.35 - 76.4% retracement 
*RES 3: $74.75 - High Apr 25 
*RES 2: $73.40 - High May 20 
*RES 1: $70.62 - 21-dma 
*PRICE: $69.69 @ 02:48 GMT May 30 
*SUP 1: $68.67 - 200-dma 
*SUP 2: $67.02 - Low May 23 
*SUP 3: $65.59 - Low March 28 
*SUP 4: $63.91 - Low March 8 
Brent futures dipped as low as $68.08 yesterday before recovering the 200-dma to
keep the near term outlook neutral. Bulls look for a break above the 21-dma at
$70.62 to reignite upside momentum towards the May 20 high at $73.40. Above here
would put the focus back on the April 25 ytd high at $74.75. For bears a close
back below the 200-dma at $68.67 would return the focus to Thursday's low at
$67.20, below which would open the March 28 low down at $65.59.

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