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BRENT TECHS: (Z19): Bears Maintain Their Grip *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z19): Bears Maintain Their Grip
*RES 4: $67.85 - High Sep 17
*RES 3: $64.48 - High Sep 19
*RES 2: $61.60/92 - Former trendline support / High Sep 26
*RES 1: $60.10 - High Oct 1
*PRICE: $57.67 @ 06:45 BST Oct 3
*SUP 1: $57.22 - Low Oct 2
*SUP 2: $56.48 - Low Sep 3
*SUP 3: $55.31 - Low Aug 7 and key support
*SUP 4: $55.00 - Round number support
Brent remains bearish following this week's sell-off that extended further
yesterday. With bearish trend conditions still in place and the path of least
resistance down, further selling pressure is seen likely near-term. The focus is
on a move down to support at $58.11 next, Sep 12 low. A break would open $56.48,
Sep 3 low. Resistance is at $60.10, Oct 1 high. This is ahead of former t-line
support-now-resistance drawn off the Sep 3 low that intersects at $61.60 today.

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