BRENT TECHS: (N20): Bullish Gains Extend *RES 4:.....>

BRENT TECHS: (N20): Bullish Gains Extend

*RES 4: $41.25 - High Mar 11

*RES 3: $40.00 - Psychological round number

*RES 2: $38.31 - High Apr 2 and key resistance

*RES 1: $38.00 - High Apr 9

*PRICE: $36.52 @ 06:26 BST May 21

*SUP 1: $34.20 - Low May 19

*SUP 2: $32.27 - High May 6 and former breakout level

*SUP 3: $30.94 - Low May 15

*SUP 4: $28.66 - Low May 6

Brent futures maintain a bullish stance and continue to extend this week's

gains. Price action has cleared former resistance at $32.27 and also the 50-day

EMA at $33.58 reinforcing underlying bullish conditions. The ability to continue

holding above the EMA reinforces bullish condition paving the way for a move

towards $38.00, Apr 9 high and $38.31, Apr 2 high. A breach of the latter would

represent an important technical break. $34.20 is first support.