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BRENT TECHS: (N19): 21-DMA Gaining Importance *RES...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): 21-DMA Gaining Importance
*RES 4: $77.90 - Trendline resistance 
*RES 3: $76.35 - 76.4% retracement 
*RES 2: $74.75 - High Apr 25 
*RES 1: $73.40 - High May 16 
*PRICE: $71.92 @ 01:19 GMT May 22 
*SUP 1: $71.60/58 - Low May 20/21-dma 
*SUP 2: $69.75 - 55-dma 
*SUP 3: $68.79/74 - Low May 6/200-dma 
*SUP 4: $68.21 - High March 21 
Brent futures continue to hold above the 21-dma keeping the near term outlook
neutral. A close below here and Monday's low at $71.60 would open the 55-dma at
$69.75. Below here would raise the prospect of a downside reversal opening the
May 6 low/200-dma at $68.79/74. Bulls look to take out Monday's high at $73.40
to extend the recovery towards the April 25 ytd high.

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