BRENT TECHS: (K19): Holding Pattern *RES 4: $71.88...>

BRENT TECHS: (K19): Holding Pattern

*RES 4: $71.88 - 61.8% retracement 

*RES 3: $70.59 - Low Aug 15 

*RES 2: $69.47 - 200-dma 

*RES 1: $68.14 - High Mar 14 

*PRICE: $67.50 @ 05:04 GMT Mar 20 

*SUP 1: $66.13 - Low March 15 

*SUP 2: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 

*SUP 3: $63.35 - 100-dma 

*SUP 4: $61.32 - 38.2% retracement 

Brent futures have stuck to a tight range over recent days with bulls continuing

to look for a break above the March 14 high at $68.14 to extend the rally. Above

here would allow a run at the 200-dma at $69.47 ahead of the Aug 15 low at

$70.59. Bears need to break below Friday's low at $66.13 to open the March 8 low

as well as the 23.6% retracement and Feb 4 high at $64.02/63.81/63.63. Below

here would bring the 100-dma back into play.