BRENT TECHS: (X19): Volatile start *RES 4: $71.95....>

BRENT TECHS: (X19): Volatile start

*RES 4: $71.95 - Intraday high

*RES 3: $70.00 - Round number resistance

*RES 2: $67.11 - High May 28

*RES 1: $66.90 - High Jul 11

*PRICE: $66.68 @ 07:07 BST Sep 16

*SUP 1: $66.00 - Intraday low

*SUP 2: $63.78 - High Sep 10 and gap high

*SUP 3: $63.27 - High Sep 11

*SUP 4: $61.39 - High Sep 12

Brent is volatile following weekend developments in Saudi Arabia. It is

difficult to assess technical readings under such conditions as the market

evaluates the heightened risk concerns. Prices have however retraced almost the

entire overnight spike to $71.95, trading close to the days low of $66.00. This

does signal scope for a retracement. There is a gap in the chart down to $63.78

that needs to be filled. A move below $66.00 would open $63.78.