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BRENT TECHS: (X19): Lower within the channel *RES....>

BRENT TECHS: (X19): Lower within the channel
*RES 4: $64.05 - High Aug 1
*RES 3: $63.78 - High Sep 10 and key resistance
*RES 2: $63.12/27 - Bull channel top drawn off Aug 7 low / High Sep 11
*RES 1: $61.39 - High Sep 12
*PRICE: $60.23 @ 05:59 BST Sep 13
*SUP 1: $60.52/60 Low Sep 11 / Former trendline resistance 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
Brent failed yesterday to hold above the former trendline resistance drawn off
the Jul 11 high and breached on Sep 5. Yesterday's low of $58.92 marks an
important intraday support. A break would sinal scope for a deeper pullback and
expose $57.92, the base of a bull channel drawn off the Aug 7 low. A channel
breakout would likely result in a clearer downtrend. On the upside, a move above
this weeks high of $63.78 is needed to reinstate a bullish case.

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