BRENT TECHS: (Q20): Holds Onto This Week's Gains.....>

BRENT TECHS: (Q20): Holds Onto This Week's Gains

*RES 4: $45.20 - 50.0% retracement of the Jan - Apr sell-off

*RES 3: $43.41 - High Jun 8 and bull trigger

*RES 2: $41.99 - High Jun 10 and key near-term resistance

*RES 1: $41.65 - High Jun 16

*PRICE: $40.56 @ 06:30 BST Jun 18

*SUP 1: $37.23/09 - 50-day EMA / Low Jun 12 and the bear trigger

*SUP 2: $34.84 - Low May 29

*SUP 3: $34.35 - Low May 28

*SUP 4: $33.94 - Low May 22 and a key support

Brent futures are unchanged and maintain a weaker S/T tone despite this week's

recovery off recent lows. Price last week cleared trendline support drawn off

the Apr 22 low. This highlights a potential bearish threat and a near-term

reversal. Deeper losses would expose support at $34.35, and $33.94, May 28 and

22 lows respectively. Initial firm resistance is at $41.99, Jun 10 high. A break

would expose the trend high of $43.41, Jun 8 high.