BRENT TECHS: (Q20): Bull Trend Extends *RES 4:.......>

BRENT TECHS: (Q20): Bull Trend Extends

*RES 4: $41.89 - Mar 11 high and Gap low on the daily chart

*RES 3: $40.00 - Psychological round number

*RES 2: $39.77 - High Apr 2 and key resistance

*RES 1: $38.85 - High Apr 4

*PRICE: $38.75 @ 06:31 BST Jun 2

*SUP 1: $35.54 - Trendline support drawn off the Apr 22 low

*SUP 2: $33.94 - Low May 22 and key support

*SUP 3: $33.22 - High May 6 and former breakout level

*SUP 4: $31.43 - Low May 15

Brent futures have started the week on a firm note trading above $37.24, Jun 26

high and extending the current uptrend. A bullish outlook remains intact with

attention still on $38.85, Apr 9 high and $39.77, Apr 2 high. The latter is a

key resistance. Key short-term support has been defined at $33.94, May 22 low

with trendline support drawn off the Apr 22 low at $35.54 today. A break of

$33.94 would be bearish and signal a reversal.