BRENT TECHS: (M20): Volatile And Eyeing The Upside...>

BRENT TECHS: (M20): Volatile And Eyeing The Upside

*RES 4: $24.85 - 1.00 projection of $16.71 - $22.45 from $19.91 low

*RES 3: $24.52 - Apr 1 low and recent breakout point

*RES 2: $23.91 - 0.618 projection of $16.71 - $22.45 from $19.91 low

*RES 1: $23.22 - High Apr 23

*PRICE: $22.17 @ 06:52 BST Apr 24

*SUP 1: $20.85 - Intraday hourly low during the US session, Apr 23

*SUP 2: $20.07/19.91 - Low Apr 23 / Intraday hourly reaction low Apr 22

*SUP 3: $17.47 - Intraday hourly reaction low Apr 22

*SUP 4: $15.98 - Low Apr 22 and key support

Brent remains volatile and for now still somewhat more positive following the

recovery off Wednesday's $15.98 low. Futures yesterday traded above Wednesday's

$22.45 high shifting attention to the upside and a possible climb towards

$23.91, a Fibonacci projection and $24.52, the Apr 1 low and this weeks key

breakout level. On the downside, we are watching support at the $20.07-19.91

zone. A break of this band would be bearish.