BRENT TECHS: (Q20): Fresh Trend High Print *RES 4:...>

BRENT TECHS: (Q20): Fresh Trend High Print

*RES 4: $48.53 - Low Mar 2

*RES 3: $45.98 - Low Mar 6 and gap high on the daily chart

*RES 2: $45.20 - 50.0% retracement of the Jan - Apr sell-off

*RES 1: $43.93 - High Jun 23

*PRICE: $45.28 @ 06:42 BST Jun 24

*SUP 1: $41.03 - Low Jun 19

*SUP 2: $40.03 - Low Jun 17

*SUP 3: $37.80/01 - 50-day EMA / Low Jun 12 and the bear trigger

*SUP 4: $34.84 - Low May 29

Brent futures traded higher yesterday but did stall at the day high of $43.93.

The move through resistance at $43.41 confirms a resumption of the underlying

bull trend paving the way for a climb towards $45.20, the 50.0% retracement of

the Jan - Apr move lower. On the downside, support is located at $40,03, Jun 17

low. A break of this level is required to dampen the bullish theme and expose

key trend support at $37.01 Jun 12 low.