BRENT TECHS: (M20): Appearing Vulnerable Once........>

BRENT TECHS: (M20): Appearing Vulnerable Once Again

*RES 4: $36.97 - High Mar 16

*RES 3: $36.40 - High Apr 9 and bull trigger

*RES 2: $33.99 - High Apr 13

*RES 1: $32.32 - High Apr 14

*PRICE: $27.99 @ 07:05 BST Apr 16

*SUP 1: $27.16 - Low Apr 15

*SUP 2: $25.45 - Low Apr 2

*SUP 3: $24.52 - Low Apr 1 and bear trigger

*SUP 4: $24.00 - Round number support

Brent remains volatile and a bearish threat dominates once again. Recent gains

to a high of $36.40 on Apr 9 failed to deliver any follow through and this is

starting to weigh on the contract. Yesterday, futures traded below $28.25, Apr 3

low shifting the focus to the downside and the key support at $24.52, Apr 1 low.

A move below this latter level would confirm a resumption of the 2020 downtrend.

On the upside, initial resistance is seen at $32.32.