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BRENT TECHS: (X19): Bulls have the upper hand *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (X19): Bulls have the upper hand
*RES 4: $66.03 - Jul 16 high
*RES 3: $64.94 - High Jul 31
*RES 2: $64.05 - High Aug 1
*RES 1: $63.12 - Intraday resistance
*PRICE: $62.80 @ 06:18 BST Sep 10
*SUP 1: $60.88 - Trendline resistance-now-support drawn off Jul 11 high
*SUP 2: $59.40 - Low Sep 6
*SUP 3: $58.13 - Low Sep 4
*SUP 4: $57.23 - Low Sep 3 and key short-term support
Brent bulls maintain the upper hand. Price action late last week saw trendine
resistance breached at $61.30 on Sep 5, drawn off the Jul 11 high and yesterday,
price gains reinforced the bullish significance of the break. With all key
near-term resistance levels cleared, the focus is on an extension higher towards
$64.05 and $64.94 next, the Aug 1 and Jul 31 high respectively. Support lies at
$60.88, the former trendline resistance.

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