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BRENT TECHS: ICE BRENT: (V18) Approaching $73........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: ICE BRENT: (V18) Approaching $73 Level
*RES 4: $75.79 - High July 30
*RES 3: $74.87 - High Aug 8
*RES 2: $74.40 - 55-DMA
*RES 1: $73.93 - High Aug 14
*PRICE: $72.88 @ 03:01 GMT
*SUP 1: $70.30 - Low August 15
*SUP 2: $69.64 - Low April 18
*SUP 3: $69.06 - High April 10 now support
*SUP 4: $68.95 - 200-DMA
Brent continues to print higher highs but has so far managed to breach the $73
level. The August 14 high of $73.93 remains a key hurdle for the bulls to
overcome if they are to regain the momentum. Below this level bears will remain
focused on the August 15 low at $70.30 and the 200-dma, which comes in at
$68.95. A break below here would shift the medium-term outlook bearish.

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