BRENT TECHS: (J20): Downtrend Intact *RES 4:.........>

BRENT TECHS: (J20): Downtrend Intact

*RES 4: $64.14 - High Jan 20 and key near-term resistance

*RES 3: $63.81 - High Jan 22

*RES 2: $61.92 - HIgh Jan 23

*RES 1: $59.84 - High Jan 29

*PRICE: $58.31 @ 06:25 GMT Jan 30

*SUP 1: $57.74 - Low Jan 27

*SUP 2: $57.51 - Low Oct 31

*SUP 3: $56.84 - Low Oct 21

*SUP 4: $56.21 - Low Oct 10

BRENT stalled at yesterday's high of $59.84 with the focus back on the $57.74

low of Jan 27. From a technical standpoint, the recent recovery was viewed as a

correction. Recent sharp losses are still seen weighing on sentiment with

bearish technical conditions remaining in place. Attention is on $57.51 and

$56.84 next, the Oct 31 and Oct 21 lows respectively. Initial resistance is at

$59.84.