BRENT TECHS: (U19): Bulls gaining the upper hand.....>

BRENT TECHS: (U19): Bulls gaining the upper hand

*RES 4: $68.28 - High May 28

*RES 3: $67.65 - High Jul 11 and key resistance

*RES 2: $67.09 - High Jul 16

*RES 1: $65.28 - Intraday high / High Jul 17

*PRICE: $65.28 @ 06:00 BST Jul 31

*SUP 1: $63.90 - Low Jul 30

*SUP 2: $62.59 - Low Jul 24

*SUP 3: $61.29 - Low Jul 18

*SUP 4: $60.60 - 76.4% retracement of the rally between Jun 5 and Jul 11

Brent has turned higher reducing for now the potential for a move lower that had

appeared likely earlier this week. Resistance at $65.28 has been tested today.

This is the high of Jul 17 where a break would open $67.09 ahead of the Jul 11

high of $67.65. The latter also marks the key resistance. Support has been

defined at $62.59, a return below this level is required to get bears excited

again and target the bear trigger at $61.29.