BRENT TECHS: ICE BRENT(X19): Retreating *RES 4:......>

BRENT TECHS: ICE BRENT(X19): Retreating

*RES 4: $71.95 - High Sep 16 key resistance

*RES 3: $70.45 - High May 16

*RES 2: $69.26 - High Sep 17

*RES 1: $66.50 - Intraday corrective high during US session, Sep 17

*PRICE: $64.45 @ 06:16 BST Sep 18

*SUP 1: $63.55 - Low Sep 17

*SUP 2: $63.27 - High Sep 11

*SUP 3: $61.39 - High Sep 12

*SUP 4: $60.81 - High Sep 13 and gap low

Brent pulled back sharply yesterday after Reuters reported that Saudi Arabian

oil output is to return to normal levels quicker than originally thought. Prices

traded below Monday's $64.75 low, to $63.55 and also below the Sep 10 high of

$63.78. This fills the initial gap in the chart. A deeper sell-off would open

$60.81, Sep 13 high to fill the entire gap in the chart left by Monday's spike.

$66.50, an intraday high during the US session yesterday is initial resistance.