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BRENT TECHS: (M19): Rally Extends
*RES 4: $77.37 - High Oct 26
*RES 3: $75.36 - Low Oct 25
*RES 2: $72.68 - 61.8% retracement
*RES 1: $70.30 - Low Aug 15
*PRICE: $69.70 @ 05:30 GMT Apr 3
*SUP 1: $65.93 - Low March 28
*SUP 3: $65.37 - 50-dma
*SUP 3: $64.02/63.81/63.63 - Low Mar 8/23.6% retracement/High Feb 4
*SUP 4: $62.94 - 100-dma
Brent futures have extended their rally following yesterday's break above its
200-dma to target the psychological $70 level ahead of the Aug 15 low at $70.30
now acting as resistance. Above here brings the 61.8% retracement into view at
$72.68. Support comes in at the March 28 low at$65.93 with a break below here
suggesting a potential downside reversal towards the 50-dma at $65.37.