BRENT TECHS: (N20): Recovers Off Support *RES 4:.....>

BRENT TECHS: (N20): Recovers Off Support

*RES 4: $40.00 - Psychological round number

*RES 3: $38.31 - High Apr 2 and key resistance

*RES 2: $38.00 - High Apr 9

*RES 1: $36.98 - High May 21 and bull trigger

*PRICE: $36.20 @ 06:22 BST May 26

*SUP 1: $33.54 - Low May 22

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

*SUP 3: $32.16 - 20-day EMA

*SUP 4: $30.94 - Low May 15

Brent futures found resistance at Thursday's $36.98 high and retraced lower

before finding strong support at Friday's low of $33.54. The uptrend remains

intact and attention is on resistance at $36.98, the May 21 high. This level

also marks the bull trigger. A break would confirm a resumption of the uptrend

and open $38.00, Apr 9 high and $38.31, the Apr 2 high and key resistance. Key

support lies at the $33.53 - $32.27 zone.