BRENT TECHS: (X19): Consolidating *RES 4: $71.95 -...>

BRENT TECHS: (X19): Consolidating

*RES 4: $71.95 - High Sep 16 key resistance

*RES 3: $69.26 - High Sep 17

*RES 2: $66.50 - Intraday corrective high during US session, Sep 17

*RES 1: $65.57 - High Sep 19

*PRICE: $64.44 @ 06:30 BST Sep 24

*SUP 1: $63.04 - Low Sep 18

*SUP 2: $61.39 - High Sep 12

*SUP 3: $60.81 - High Sep 13 and gap low

*SUP 4: $58.92 - Low Sep 12

Brent is unchanged and continues to consolidate. The underlying bearish threat

remains intact with the focus on $63.04, Sep 18 low to trigger further downside.

The retracement off the Sep 16 high last week saw prices trade below the Sep 10

high of $63.78. This filled a gap in the chart. A deeper sell-off would open

$60.81, Sep 13 high to fill the entire gap in the chart left by the spike in

prices on Sep 16. Initial resistance is at $65.57, the high of Sep 19.