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BRENT TECHS: (N19): False Upside Break? *RES 4:......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): False Upside Break?
*RES 4: $77.10 - Trendline resistance 
*RES 3: $76.35 - 76.4% retracement 
*RES 2: $74.75 - High Apr 25 
*RES 1: $72.58/79 - High May 13/April 30
*PRICE: $70.46 @ 05:36 GMT May 14 
*SUP 1: $69.04/68.75 - 55-dma/200-dma
*SUP 2: $68.21 - High March 21 
*SUP 3: $65.89 - Low March 28 
*SUP 4: $63.91 - Low March 8 
Brent futures attempted an upside break yesterday but momentum reversed amid
risk off flows in stocks with the weak close shifting the focus back to the
downside. A downside break below the 55-dma/200-dma at $69.04/68.75 would
suggest a reversal to the March 21 high at $68.21. Bulls need to recover
yesterday's high and the April 30 high at $72.58/79 to put the focus back on the
ytd high at $74.75. 

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