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BRENT TECHS: (V19): Shooting star reversal still.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V19): Shooting star reversal still in play
*RES 4: $63.20 - Trendline resistance drawn off the Jul 11 high
*RES 3: $62.95 - High Aug 2
*RES 2: $61.78/82 - 61.8% retracement of the Jul 31 - Aug 7 decline / 50-day EMA
*RES 1: $61.41/50 - High Aug 21 / High Aug 13 and key resistance
*PRICE: $60.03 @ 06:17 BST Aug 23
*SUP 1: $58.95 - Low Aug 20
*SUP 2: $57.67 - Low Aug 15 and key intraday support
*SUP 3: $57.11 - Low Aug 9
*SUP 4: $55.88 - Low Aug 7 and key bear trigger
Brent remains below Wednesday's high of $61.41 and key resistance at $61.50, the
high of Aug 13. A bearish candle formation, a shooting star (inverted hammer)
developed Wednesday and this signals a possible end to recent corrective
recovery. 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 recent recovery.

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