BRENT TECHS: ICE BRENT(X19): Approaching key and.....>

BRENT TECHS: ICE BRENT(X19): Approaching key and of resistance

*RES 4: $62.29 - High Aug 3

*RES 3: $61.86 - Trendline resistance drawn off the Jul 12 high

*RES 2: $61.13 - High Aug 14 and key resistance

*RES 1: $60.94/61.12 - High Aug 22 / 50-day EMA

*PRICE: $60.55 @ 06:28 BST Aug 30

*SUP 1: $59.32 - Low Aug 28

*SUP 2: $57.74 - Low Aug 26 and key near-term support

*SUP 3: $57.29 - Low Aug 15

*SUP 4: $55.59 - Low Aug 7 and key bear trigger

Brent is firmer and nearing the key band of resistance between $60.94 - $61.13.

This zone is represented by the Aug 22 high, 50-day EMA and Aug 14 high. A clear

break is required to negate the recent bearish threats highlighted this week.

This would pave the way for a climb towards trendline resistance at $61.86. A

move above the trendline would reinforce the outlook for bulls. On the downside,

the first bear trigger lies at $57.74, the Aug 26 low.