BRENT TECHS: (Q19): Oil Stabilising *RES 4:..........>

BRENT TECHS: (Q19): Oil Stabilising

*RES 4: $66.75/81 - 50% Apr-May fall/100-dma

*RES 3: $66.67    - May 29 Low

*RES 2: $64.91    - High May 31

*RES 1: $62.84    - High June 3

*PRICE: $62.52    @ 05:35 GMT Jun 7

*SUP 1: $60.22/07 - Low June 6/61.8% of Dec-Apr rally

*SUP 2: $59.45    - Low June 5

*SUP 3 :$58.99    - Low Nov 29

*SUP 4: $56.53    - High Dec 26

Brent futures based at 59.45 on Wednesday with the recovery extending back

through $62.50. Consolidation above here puts the focus back on medium-term

resistance at $66.75/81 from the 50% retracement of the Apr-May fall & 100-dma.

Bears need to clear the 61.8% retracement of the Dec-Apr rally & $60 level to

bring the recent cycle lows at $59.45 back into view.