BRENT TECHS: Multi-month Lows *RES 4: $73.40 - ....>

BRENT TECHS: Multi-month Lows

*RES 4: $73.40 -    High May 20

*RES 3: $70.43/59 - 50-dma/May 28 high

*RES 2: $68.90 -    200-dma

*RES 1: $66.28 -    High May 31

*PRICE: $61.22   @ 05:35 GMT Jun 3

*SUP 1: $60.55 -    Intraday low

*SUP 2 :$59.74 -    61.8% retracement Dec-Apr rise

*SUP 3: $59.49 -    Low Jan 28

*SUP 4: $58.90 -    Low Jan 14

Escalating trade war rhetoric kept oil on the defensive through Asia with a move

to multi-month lows of $60.55. This brings the $60 level into view with the

61.8% retracement of the Dec-Apr rise placed just behind at $59.74. Bulls need

to recover the May 31 high to stabilise the outlook, before challenging the

200-dma at $68.90.