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BRENT TECHS: (M19): Looking Toppy Near Term *RES.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (M19): Looking Toppy Near Term
*RES 4: $75.36 - Low Oct 25 
*RES 3: $73.85 - High Nov 5 
*RES 2: $73.90 - Channel top 
*RES 1: $71.87 - High Apr 12 
*PRICE: $70.99 @ 05:10 GMT Apr 16 
*SUP 1: $69.02/68.87 - 200-dma/Low Apr 4 
*SUP 2: $68.00 - Uptrend support from Feb lows 
*SUP 3: $66.56/65.89 - 55-dma/Low March 28 
*SUP 4: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4 
Brent futures are looking very toppy from a short term perspective after the
recent failure to extend the rally. Bears look for a break below the 200-dma at
$69.04 and the April 4 low at $68.87 to open uptrend support from the Feb lows
at $68.00. On the upside bulls need to recover Friday's high at $71.87 to target
channel top resistance which currently comes in at $73.90. 

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