BRENT TECHS: (F20): Bulls Hold On *RES 4: $69.16 -...>

BRENT TECHS: (F20): Bulls Hold On

*RES 4: $69.16 - High Sep 16 and primary resistance

*RES 3: $66.58 - Nov 17 high

*RES 2: $65.95 - 76.4% retracement of Sep 16 - Oct 3 decline

*RES 1: $64.27 - High Nov 22 and bull trigger

*PRICE: $63.55 @ 06:39 GMT Nov 26

*SUP 1: $61.92 - Low Nov 21

*SUP 2: $60.30 - Low Nov 20 and key support

*SUP 3: $59.20 - Low Oct 31

*SUP 4: $57.97 - Low Oct 21

BRENT is holding onto gains achieved last week following the strong bounce on

Nov 20. The climb resulted in a break of resistance at $63.65, Nov 15 high and

seen as a bull trigger. This confirms a resumption of the uptrend. $63.96, 61.8%

of the decline between Sep 16 - Oct 3 has been achieved, an extension higher

would open the 76.4% retracement at $65.95. Key support to watch has been

defined at $60.30.