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BRENT TECHS: ICE BRENT(V18) Facing Downside..........>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: ICE BRENT(V18) Facing Downside Pressure 
*RES 4: $76.15 - Low July 6 now resistance 
*RES 3: $75.79 - High July 30 
*RES 2: $74.89 - 55-DMA 
*RES 1: $74.90 - High August 7 
*PRICE: $72.18 @ 0540GMT 
*SUP 1: $71.30 - Low July 18 
*SUP 2: $70.80 - Bear channel support 
*SUP 3: $70.53 - High April 4 now support 
*SUP 4: $68.49 - 200-DMA 
The June 18 lows at $71.30 remain within touching distance and a break below
this level would see bears target the bear channel bottom at $70.80. Bulls need
to hold above $71.30 to maintain the neutral short-term outlook. A break above
the August 7 high of $74.90 and 550-DMA at $74.96 are needed to regain the upper
hand.

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