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BRENT TECHS: (V18) Rallies Continue To Be Sold.......>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V18) Rallies Continue To Be Sold
*RES 4: $75.79 - High July 30 
*RES 3: $74.87 - High Aug 8 
*RES 2: $74.46 - 55-DMA 
*RES 1: $73.93 - High Aug 14
*PRICE: $71.63 @ 03:25 GMT 
*SUP 1: $70.30 - Low August 15 
*SUP 2: $69.64 - Low April 18 
*SUP 3: $69.06 - High April 10 now support 
*SUP 4: $68.84 - 200-DMA 
Brent continued to look weak as rallies have failed to gain traction and the
short-term downtrend remains intact. The August 14 high of $73.93 will be a key
hurdle for the bulls to overcome if they are to shift shift the focus higher.
Bears look to target the August 15 low at $70.30 ahead of a potential run at the
200-dma, which comes in at $68.84. A break below here would shift the outlook
decidedly bearish. 

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