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BRENT TECHS: (K19): Consolidates In Recent Range.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (K19): Consolidates In Recent Range
*RES 4: $72.68 - 61.8% retracement 
*RES 3: $70.30 - Low Aug 15 
*RES 2: $69.31 - 200-dma 
*RES 1: $68.69 - High Mar 21 
*PRICE: $68.07 @ 06:40 GMT Mar 29 
*SUP 1: $66.24 - Uptrend support from Feb lows 
*SUP 2: $66.20 - Low March 22
*SUP 3: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 
*SUP 4: $62.95 - 100-dma 
Despite the pullback off recent highs, uptrend support off the Feb 1 low has so
far contained the move. This brings the Mar 8 low & 23.6% retracement level into
view at $64.02/63.81, with a break here needed to challenge the 100-dma. Bulls
need to clear the Mar 21 high to put the focus back on the 200-dma at $69.31 &
psychological $70 level.  
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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