BRENT TECHS: (X6) Trades Through The 20-Day EMA

* RES 4: $116.68 - 2.000 proj of the Jul 2 - 23 - Aug 5 price swing * RES 3: $113.13 - 76.4% retracement of the Apr - Jul bear leg (cont) * RES 2: $111.97 - 1.764 proj of the Jul 2 - 23 - Aug 5 price swing * RES 1: $109.97 - High Sep 11 and the bull trigger * PRICE: $98.37 @ 07:05 BST Sep 23 * SUP 1: $97.36 - Low Sep 22 * SUP 2: $92.61 - 50-day EMA * SUP 3: $76.78 - Low Aug 5 and a key support * SUP 4: $70.67 - Low Jul 2 and a bear trigger A bull cycle in Brent futures remains intact and - for now - the latest pullback is considered corrective. This week's sell-off has resulted in a breach of $99.22, the 20-day EMA. A clear break of the 20-day average would suggest scope for a deeper retracement. Support at the 50-day EMA - the next important level to watch - lies at $92.87. Key resistance and the bull trigger has been defined at $109.97, the Sep 11 high.