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BRENT TECHS: (N20): Bearish But Watching A Doji......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N20): Bearish But Watching A Doji Candle Pattern
*RES 4: $26.98 - High Apr 23 and key resistance
*RES 3: $26.19 - High Apr 24
*RES 2: $25.12 - High Apr 27
*RES 1: $23.79 - High Apr 28
*PRICE: $23.37 @ 06:41 BST Apr 29
*SUP 1: $21.92 - Low Apr 28
*SUP 2: $21.64 - 76.4% retracement of the Apr 22 - 23 rally
*SUP 3: $19.99 - Low Apr 22 and key support
*SUP 4: $18.01 - 1.382 projection of Jan 8 - Feb 4 sell-off from Apr 2 high
Brent remains weaker despite finding support yesterday at $21.92. Futures have
breached the 61.8% retracement at $22.66. A continued move lower and break of
$21.92 would expose the 76.4% level of the Mar 22 - 23 rally at $21.64 and
expose the Apr 22 low of $19.99. Initial resistance is at $23.79, yesterday's
high. A break would ease recent bearish pressure. Note, yesterday's price action
is a doji candle, a possible reversal signal. We are monitoring this.

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