Trial now
ARGENTINA

Beef Exports Deal Expected, CPI Due

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z19): Clears Trendline Support
*RES 4: $70.32 - High Sep 16 and key resistance
*RES 3: $67.85 - High Sep 17
*RES 2: $64.48 - High Sep 19 and near-term bull trigger
*RES 1: $61.92 - High Sep 26 and initial key resistance
*PRICE: $59.68 @ 06:44 BST Oct 1
*SUP 1: $59.19 - Low Sep 30
*SUP 2: $58.70 - Low Sep 13
*SUP 3: $58.11 - Low Sep 12
*SUP 4: $57.38 - Low Sep 4
Brent traded sharply lower yesterday extending the decline that has been in
place since finding resistance at $70.32 on Sep 16. The break of trendline
support drawn off the Sep 3 low reinforces the current bearish outlook with the
focus on a move down to support at $58.11 next, Sep 12 low. Resistance has been
defined at $61.92, Sep 26 high. A return above this level is required to ease
the bearish pressure.