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BRENT TECHS: (N19): Uptrend Gives Way *RES 4:........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): Uptrend Gives Way
*RES 4: $80.37 - High Oct 17, 2018 
*RES 3: $76.35 - 76.4% retracement 
*RES 2: $74.75 - High Apr 25 
*RES 1: $72.79 - High Apr 30 
*PRICE: $70.35 @ 05:40 GMT May 3 
*SUP 1: $69.70/69.68/68.85 - Uptrend from Feb lows / Low May 2 / 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 lost their grip on uptrend support from the Dec lows yesterday,
warning of a downside reversal. Bears target uptrend from Feb lows, the May 2
low, and the 200-dma at $69.70/69.68/68.85, below which would shift the outlook
firmly negative. Bulls focus remains on Tuesday's high at $72.79 with a break
above here returning the focus to the April 25 high at $74.75.

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