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BRENT TECHS: (Q19): Signs Of Stability *RES 4:.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Q19): Signs Of Stability
*RES 4: $69.23 - May 28 high 
*RES 3: $68.18 - 200-dma 
*RES 2: $64.91 - High May 31 
*RES 1: $62.84 - High June 3 
*PRICE: $61.69 @ 02:50 GMT Jun 5 
*SUP 1: $60.21 - Low June 4 
*SUP 2 :$60.07 - 61.8% retracement Dec-Apr rise 
*SUP 3: $59.66/68 - Low Jan 14/Low Jan 28 
*SUP 4: $58.99 - Low Nov 29 
Brent futures hit new multi month lows in European trading yesterday before
recovering losses in line with the recovery in risk assets. Bulls now look to
take out Monday's high at $62.82 to open the May 31 high at $64.91. Above here
would allow a challenge of the 200-dma at $68.18. Bears look to yesterday's low
at $60.21 and the 61.8% retracement of the Dec-Apr rise placed just below at
$60.07.

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