TECHNICALS — Brent oil may fall to $100.33

For more technical analyses, click TECH/C SINGAPORE, Sept 24 (Reuters) — Brent oil may fall to $100.33 per barrel after failing to break resistance at $103.66. The strong bounce during the previous trading session appears to run counter to the downtrend from $109.96. A retracement analysis shows strong resistance at $103.66, the 50% level. The market not only failed to overcome this barrier but also broke the support at $102.17. The next support is at $100.33, a break below which may trigger a fall to $99.20. Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are published exclusively on the Workspace platform, a London Stock Exchange product. * No information in this analysis should be considered as business, financial, or legal advice. Each reader should consult his or her own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses. ​ ​ tech (Reporting by Wang Tao; Editing by Rashmi Aich) ((wang.tao@tr.com; +65 6973 8364/9188 4196 (Whatsapp)