BRENT TECHS: (X19): Watch key support *RES 4:........>

BRENT TECHS: (X19): Watch key support

*RES 4: $72.38 - High Apr 24 and key resistance

*RES 3: $71.95 - High Sep 16

*RES 2: $70.45 - High May 16

*RES 1: $69.12 - High May 22

*PRICE: $68.32 @ 06:08 BST Sep 17

*SUP 1: $64.75 - Low Sep 16Intraday 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 traded within a significantly wide range Monday. Charts remain difficult

to analyse under current heightened risk concerns. That said, yesterday defined

an important support at $64.75. If prices trade below this level, a deeper

retracement would be likely initially toward $63.78 to fill a gap in the chart.

On the upside, $71.95 marks an equally important resistance. Whether strong

gains above this level are possible remains to be seen.