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BRENT TECHS: (V18) : Rebound Ahead Of Channel........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V18) : Rebound Ahead Of Channel Support
*RES 4: $76.15 - Low July 6 now resistance 
*RES 3: $75.79 - High July 30 
*RES 2: $74.96 - 55-DMA 
*RES 1: $74.90 - High August 7 
*PRICE: $72.81 @ 06:48 GMT 
*SUP 1: $71.04 - Low August 13 
*SUP 2: $70.80 - Bear channel support 
*SUP 3: $70.53 - High April 4 now support 
*SUP 4: $68.65 - 200-DMA 
Brent spiked briefly to marginal new lows, also breaching the July lows at 71.30
before rebounding, leaving the lower boundary of the descending channel
unchallenged, so far. However, failure to overcome initial resistance at 73.14
will keep the focus on the downside and the channel support at 70.80. Below here
would open up a run at the 200-DMA, currently at 68.64. Bulls need to recover
the August 7 high of $74.90 and 550-DMA at $74.96 to regain the momentum.

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