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BRENT TECHS: (X19) Still Looking For Gains *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (X19) Still Looking For Gains
*RES 4: $58.49 - High Sep 24
*RES 3: $57.02 - High Sep 25
*RES 2: $55.93 - Former trendline support drawn off Aug 7 low
*RES 1: $54.06 - High Oct 7
*PRICE: $52.41 @ 06:35 BST Oct 9
*SUP 1: $50.99 - Low Oct 3
*SUP 2: $50.48 - Low Aug 7 and key support
*SUP 3: $50.00 - Round number support
*SUP 4: $50.14 - 1.382 projection of Sep 16-Sep 18 decline from Sep 19 high
WTI has started the week on a choppier note. For now the outlook remains net
bullish. This follows activity on Oct 3 that saw prices bounce off the day low
of $50.99. In candle terms, the price pattern on this day is a morning star
doji, a signal that sentiment has potentially shifted to the bull camp.
Resistance is at$54.06 where a break would reinforce the reversal prospect.
Price needs to hold above $50.99. A failure reinstates a bearish theme.

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