BRENT TECHS: (K19): Feb YTD Highs In Focus *RES 4:...>

BRENT TECHS: (K19): Feb YTD Highs In Focus

*RES 4: $70.59 - Low Aug 15

*RES 3: $69.61 - 200-dma 

*RES 2: $67.84 - High Feb 22 

*RES 1: $67.39 - High Mar 12 

*PRICE: $66.92 @ 05:38 GMT Mar 13 

*SUP 1: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 

*SUP 2: $63.17 - 50-dma 

*SUP 3: $61.32 - 38.2% retracement 

*SUP 4: $60.64 - Low Feb 7 

Brent futures broke above down trendline resistance from the Feb 22 highs

yesterday keeping the bullish picture intact. A break above yesterday's high at

$67.39 would allow a retest of the Feb 22 ytd high at$67.84 ahead of the

200-dma. Bears need to break below Friday's low as well as the 23.6% retracement

and Feb 4 high at $64.02/63.81/63.63 to suggest a downside reversal towards the

50-dma.