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BRENT TECHS: (N20): Still Under Pressure *RES 4:.....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N20): Still Under Pressure
*RES 4: $26.98 - High Apr 23 and key resistance
*RES 3: $26.19 - High Apr 24
*RES 2: $24.15 - Reaction high on 60-min chart
*RES 1: $23.17/28 - Intraday high / reaction high on 60-min chart
*PRICE: $22.24 @ 09:23 BST Apr 28
*SUP 1: $21.43 - 76.4% retracement of the Apr 22 - 23 rally
*SUP 2: $19.99 - Low Apr 22 and key support
*SUP 3: $18.01 - 1.382 projection of Jan 8 - Feb 4 sell-off from Apr 2 high
*SUP 4: $16.27 - 1.500 projection of Jan 8 - Feb 4 sell-off from Apr 2 high
Brent remains weaker this morning as price retraces further the recent recovery
between Apr 22 - 23. Futures have traded below the 61.8% retracement at $22.32.
A continued move lower would expose the 76.4% level at $21.43 and also highlight
the increasing likelihood we will see a retest of the Apr 22 low of $19.99. A
break of the latter would confirm a resumption of this year's downtrend.
Resistance is unchanged at $23.28 and $24.15.

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