BRENT TECHS: (M20): Watch Initial Support At.........>

BRENT TECHS: (M20): Watch Initial Support At $28.25

*RES 4: $37.80 - High Mar 12

*RES 3: $36.97 - High Mar 16

*RES 2: $36.40 - High Apr 9 and bull trigger

*RES 1: $33.99 - High Apr 13

*PRICE: $29.93 @ 06:58 BST Apr 15

*SUP 1: $28.25 - Low Apr 3 and key near-term support

*SUP 2: $25.42 - Low Apr 2

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

*SUP 4: $24.00 - Round number support

Brent remains volatile and the bearish threat is again beginning to dominate.

Recent gains to a high of $36.40 on Apr 9 have failed to deliver any follow

through and this is starting to weigh on the contract. The focus shifts to an

initial support at $28.25, Apr 3 low where a break would strengthen a bearish

focus and risk weakness back to key support and the bear trigger at $24.52, Apr

1 low. Futures need to clear $36.40 to signal a bullish recovery.