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BRENT TECHS: (Z19): Breaks Higher
*RES 4: $63.24 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 3: $61.92 - High Sep 26
*RES 2: $61.56 - 38.2% retracement of Sep 16 - Oct 3 decline
*RES 1: $61.30 - High Oct 23
*PRICE: $60.86 @ 06:18 BST Oct 24
*SUP 1: $58.00 - Low Oct 15 and key intraday support
*SUP 2: $57.38 - Low Oct 8
*SUP 3: $56.15 - Low Oct 3 and primary bear trigger
*SUP 4: $55.31 - Low Aug 7
BRENT rallied yesterday to finally trade above resistance at $60.73, Oct 14
high. The breach of this level is expected to trigger a stronger resumption of
gains. Attention turns to the 38.2% retracement of Sep 16 - Oct 3 decline at
$61.56 and the 50% level at $63.24. A bullish price sequence of higher highs and
higher lows has also been established, reinforcing a bullish theme. Firm support
has been established at $58.00.