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BRENT TECHS: (V18) Approaching Resistance *RES 4:....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V18) Approaching Resistance
*RES 4: $80.00 - Resistance 
*RES 3: $79.59 - High May 22 
*RES 2: $79.25 - High July 10 
*RES 1: $78.87 - Bear channel top 
*PRICE: $77.25 @ 04:02 GMT 
*SUP 1: $74.48 - 55-dma 
*SUP 2: $73.72 - 21-dma 
*SUP 3: $70.30 - Low August 15 
*SUP 4: $69.64 - Low April 18 
Bulls took control again yesterday as Brent closed above $77.0 to target the
daily bear channel top, which looks set to be tested in the coming days. A break
above here would suggest another leg higher as the contract moves into
multi-year high territory. Bears need to break back below the 55-dma to take
some pressure off and the 21-dma to shift the focus lower once again and target
the August 15 low at $70.30.

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