BRENT TECHS: (J19): Uptrend Struggling To Extend.....>

BRENT TECHS: (J19): Uptrend Struggling To Extend

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

*RES 3: $70.90 - 200-dma (continuation chart) 

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

*RES 1: $68.38 - High Nov 16 (continuation chart) 

*PRICE: $66.84 @ 05:46 GMT Feb 25

*SUP 1: $63.63 - High Feb 4, now support 

*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 have edged back from Friday's highs which failed to take out the

Nov 16 high at $68.38. The bigger picture bullish trend remains intact though

with a break above here opening the Aug 15 low at $70.30 ahead of the 200-dma

which crosses at $70.90. Bears need to break back below the Feb 4 high at $63.63

which now acts as support, below here would open the Feb 7 low at $60.60 ahead

of a return to the Jan 14 low at $58.90.