BRENT TECHS: (X19): Still need to fill the gap.......>

BRENT TECHS: (X19): Still need to fill 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 24

*PRICE: $62.29 @ 07:32 BST Sep 27

*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: $58.78 - Trendline support drawn off the Aug 7 low

Brent remains vulnerable although for now price action is consolidating. The

move lower this week marked a continuation of the process of filling the large

gap created by the risk related Sep 16 spike. 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. The trigger for a resumption of the downside is 61.23.