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BRENT TECHS: (N19): Looking Toppy *RES 4: $76.35 -...>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): Looking Toppy
*RES 4: $76.35 - 76.4% retracement 
*RES 3: $74.75 - High Apr 25 
*RES 2: $73.40 - High May 16 
*RES 1: $71.38 - 21-dma 
*PRICE: $70.70 @ 02:33 GMT May 23 
*SUP 1: $69.82 - 55-dma 
*SUP 2: $68.79/73 - Low May 6/200-dma 
*SUP 3: $68.21 - High March 21 
*SUP 4: $65.59 - Low March 28 
Brent futures broke below the 21-dma yesterday giving bears the near term edge
and opening the 55-dma at $69.82. Below here would raise the prospect of a
downside reversal towards the May 6 low/200-dma at $68.79/73. Bulls need to
recover the 21-dma to stabilise the outlook and target Monday's high at $73.40.
Above here would extend the recovery towards the April 25 ytd high.

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