Technicals: Brent oil may fall into $69.68-$70.53 range
TECHNICALS-Brent oil may fall into $69.68-$70.53 range SINGAPORE, June 29 (Reuters) - Brent oil LCOc1 may break support at $71.91 per barrel and fall into the $69.68-$70.53 range.
Wave (5) extended.
Downtrend is controlled by a series of projection levels on the fall from $109.69.
Immediate resistance at $73.20. Second resistance at $75.52.
* Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are exclusively published on the Workspace platform - a London Stock Exchange product.
** No information in this analysis should be considered as being 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.
(Reporting by Wang Tao; Editing by Sherry Jacob-Phillips)
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