BRENT TECHS: (G20): Bullish Gains Extend *RES 4:.....>

BRENT TECHS: (G20): Bullish Gains Extend

*RES 4: $70.00 - Psychological round number

*RES 3: $68.58 - 2.00 projection of Nov 20 - Nov 27 rally from Dec 3 low

*RES 2: $68.02 - High Sep 16 and primary resistance

*RES 1: $67.00 - 1.618 projection of Nov 20 - Nov 27 rally from Dec 3 low

*PRICE: $66.66 @ 06:27 GMT Dec 20

*SUP 1: $65.12 - Low De 17

*SUP 2: $64.50 - Low Dec 13

*SUP 3: $63.01 - Low Dec 11 and initial key support

*SUP 4: $62.75 - Low Dec 5

BRENT remains bullish and continues to push higher. Futures have recently

cleared $64.98, 76.4% retracement of the Sep 16 to Oct 3 decline and have not

looked back, once again confirming a resumption of the underlying uptrend.

Attention turns to the $68.02 key resistance and Sep 16 high. The first

objective though is at $67.00, a Fibonacci projection level. On the downside,

initial support lies at $65.12, Dec 17 low.