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BRENT TECHS: (V19): Shooting star reversal *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V19): Shooting star reversal
*RES 4: $63.33 - Trendline resistance drawn off the Jul 11 high
*RES 3: $62.95 - High Aug 2
*RES 2: $61.78/98 - 61.8% retracement of the Jul 31-Aug 7 decline / 50-day EMA
*RES 1: $61.50 - High Aug 13 and key resistance
*PRICE: $60.21 @ 05:51 BST Aug 22
*SUP 1: $57.67 - Low Aug 15
*SUP 2: $57.11 - Low Aug 9
*SUP 3: $55.88 - Low Aug 7 and key bear trigger
*SUP 4: $52.51 - Low Jan 2 (YTD low) (continuation)
Brent failed to hold onto yesterday's gains trading to a high just ahead of key
resistance at 61.50, the Aug 13 high. A bearish candle formation, a shooting
star (inverted hammer) has developed and this signals a possible end to recent
corrective recovery, sooner than anticipated. If correct, a sell-off is now
likely and the focus turns to support at 57.67, the Aug 15 low. A move above
61.50 is required to negate the bearish pattern and reinstate the recovery.

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