BRENT TECHS: (X19): Still filling the gap *RES 4:....>

BRENT TECHS: (X19): Still filling the gap

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

*RES 3: $69.26 - High Sep 17

*RES 2: $65.57 - High Sep 19

*RES 1: $64.60 - High Sep 20

*PRICE: $62.35 @ 06:29 BST Sep 26

*SUP 1: $61.23 - Low Sep 25

*SUP 2: $60.81 - High Sep 13 and gap low

*SUP 3: $58.92 - Low Sep 12

*SUP 4: $58.70 - Trendline support drawn off the Aug 7 low

Brent traded lower again yesterday extending the current bearish pressure. This

move lower marks a continuation of the process of filling the large gap in the

chart created by the risk related spike on Sep 16. The focus is on $60.81, Sep

13 high. A print of this level would fill the gap. Resistance has been defined

at $65.57, Sep 19 high. As long as this level remains intact, the near-term

outlook remains bearish.