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BRENT TECHS: (X19): Pullback to trendline *RES 4:....>

BRENT TECHS: (X19): Pullback to trendline
*RES 4: $64.94 - High Jul 31
*RES 3: $64.05 - High Aug 1
*RES 2: $63.78 - High Sep 10 and key resistance
*RES 1: $63.27 - High Sep 11
*PRICE: $61.25 @ 06:09 BST Sep 12
*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 to hold onto recent highs and has pulled back to the former
trendline resistance drawn off the Jul 11 high, breached on Sep 5. The trendline
intersects at $60.60 and represent an important support. Recent price action has
confirmed a bullish outlook, an inability to hold above the former trendline
resistance though would expose a deeper decline. This would also confirm bearish
Japanese candle patterns that have surfaced. The key upside trigger is $63.78.

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