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BRENT TECHS: (Q20): Bull Trend Remains Intact *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Q20): Bull Trend Remains Intact
*RES 4: $45.98 - Low Mar 6 and gap high on the daily chart
*RES 3: $45.20 - 50.0% retracement of the Jan - Apr sell-off
*RES 2: $41.89 - Mar 11 high and Gap low on the daily chart
*RES 1: $40.53 - High Jun 3
*PRICE: $39.23 @ 06:30 BST Jun 4
*SUP 1: $37.24 - High May 26
*SUP 2: $36.44 - Trendline support drawn off the Apr 22 low
*SUP 3: $33.94 - Low May 22 and key support
*SUP 4: $33.22 - High May 6 and former breakout level
Brent futures maintain a bullish tone. Price has this week traded above
resistance at $39.77, Apr 2 high and the psychological $40.00 level. This
reinforces underlying bullish conditions and attention shifts to $41.89, Mar 11
high and a gap low on the daily chart. Trendline support drawn off the Apr 22
low remains intact reinforcing current trending conditions. The trendline
intersects at $36.44 and marks an important support.

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