BRENT TECHS: ICE BRENT(U19): Bull trend intact.......>

BRENT TECHS: ICE BRENT(U19): Bull trend intact

*RES 4: $69.88 - 76.4% retracement of the Apr 25-Jun 5 decline

*RES 3: $69.10 - High May 23

*RES 2: $68.28 - High May 28

*RES 1: $67.65/69 - High July 11 / 61.8% of the Apr 25-Jun 5 decline

*PRICE: $66.95 @ 05:31 BST Jul 12

*SUP 1: $66.43 - Low Jul 10

*SUP 2: $66.00 - Round number support

*SUP 3: $64.63 - Low Jul 10

*SUP 4: $63.83 - Trendline support drawn off the low of Jun 18

Brent is firm following Wednesday's confirmed resumption of the uptrend that

began in early Jun. The move above former resistance at 66.75 brings into focus

the 61.8% retracement level at 67.69. Clearance of this objective would open

69.10, the high of May 23 ahead of the 76.4% retracement at 69.88. Momentum

studies have also resumed a bullish position, reinforcing the uptrend. On the

downside, Wednesday's low of 64.63 marks support.