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BRENT TECHS: ICE BRENT(U19): Remains heavy *RES 4:...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: ICE BRENT(U19): Remains heavy
*RES 4: $67.09 - High Jul 16
*RES 3: $65.28 - High Jul 17
*RES 2: $65.04 - Former trendline support drawn off the Jun 18 low
*RES 1: $64.46 - High Jul 18
*PRICE: $63.08 @ 06:26 BST Jul 19
*SUP 1: $61.29 - Low Jul 18
*SUP 2: $60.60 - 76.4% retracement of the rally between Jun 5 and Jul 11
*SUP 3: $59.36 - Low Jun 18
*SUP 4: $58.77 - Low Jun 12
Brent remains under pressure. The sharp sell-off this week resulted in a clear
break of trendline support drawn off the low of Jun 18. This negated last weeks
bullish developments allowing for at the very least, a deeper correction.
Yesterday saw prices trade through the 61.8% retracement of the rally between
Jun 5-Jul 11 at 61.95. A move below yesterday's low of 61.29 would open 60.60,
the 76.4% retracement. Resistance is at the former trendline, today at 65.04.

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