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BRENT TECHS: (K19): 21-DMA Caps Downside *RES 4:.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (K19): 21-DMA Caps Downside
*RES 4: $70.59 - Low Aug 15 
*RES 3: $69.79 - 200-dma 
*RES 2: $67.73 - High Feb 22 
*RES 1: $67.14 - High Mar 1 
*PRICE: $65.36 @ 05:23 GMT Mar 6 
*SUP 1: $64.97/59/49 - 21-dma/Low Mar 1/Low Feb 26 
*SUP 2: $63.63 - High Feb 4 
*SUP 3: $60.64 - Low Feb 7 
*SUP 4: $59.34/52 - Low Jan 14/Jan 28 
Brent futures continue to hold above the 21-dma but rallies have lacked
momentum. Bears need to close below here and the March 1 and Feb 26 lows to
suggest a downside reversal to the Feb 4 high at $63.63 ahead of the Feb 7 low
at $60.64. Bulls look to take out Friday's high at $67.14 to target the Feb 22
high at $67.37. Above here would suggest a bullish continuation pattern opening
the 200-dma.

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