BRENT TECHS: (J19): Uptrend Giving Way *RES 4:.......>

BRENT TECHS: (J19): Uptrend Giving Way

*RES 4: $75.11 - Low Oct 24 (continuation chart) 

*RES 3: $70.14 - 200-dma (continuation chart) 

*RES 2: $70.30 - Low Aug 15(continuation chart) 

*RES 1: $67.73 - High Feb 22  

*PRICE: $64.53 @ 04:34 GMT Feb 26 

*SUP 1: $63.77 - 21-dma 

*SUP 2: $60.60 - Low Feb 7 

*SUP 3: $58.90 - Low Jan 14 (continuation chart) 

*SUP 4: $49.93 - Low Dec 26 (continuation chart) 

Brent futures has edged below uptrend support from the Dec 26 low bringing the

21-dma back into focus at $63.77. A break below here would give bears the edge,

opening the Feb 7 low at $60.60 ahead of a return to the Jan 14 low at $58.90.

Bulls look for a break above last week's high at $67.73 to open the Aug 15 low

at $70.30. Above here would set up a run at the  200-dma which crosses at

$70.14.