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BRENT TECHS: (K19): Friday's Recovery Suggests A.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (K19): Friday's Recovery Suggests A Bull Flag
*RES 4: $69.67 - 200-dma 
*RES 3: $67.84 - High Feb 22 
*RES 2: $67.14 - High Mar 1 
*RES 1: $67.00 - High Mar 7 
*PRICE: $65.79 @ 05:26 GMT Mar 11 
*SUP 1: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 
*SUP 2: $62.68 - 50-dma
*SUP 3: $61.32 - 38.2% retracement
*SUP 4: $60.64 - Low Feb 7 
Brent futures found support just ahead of the $64.00 level on Friday with a
strong close returning the focus to the upside and suggesting a bull flag is
forming. Bulls target the Mar 7 high at $67.00, above which would bring the
March 1 high at $67.14 into focus ahead of the Feb 22 high at $67.84. 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. 

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