ICE BRENT(Q19): Bull holding onto gains...>

OIL TECHS: ICE BRENT(Q19): Bull holding onto gains

*RES 4: $68.75 - Double bottom projection

*RES 3: $68.47 - 61.8% retracement of the Apr-Jun fall

*RES 2: $67.09 - 1.618 Fibonacci projection of Jun 5-Jun10 rally from Jun 12 low

*RES 1: $66.85 - High Jun 26

*PRICE: $66.10 @ 07:18 BST Jun 28

*SUP 1: $65.60 - Low Jun 26

*SUP 2: $64.00 - Low Jun 21 and close to the former 64.10 breakout point

*SUP 3: $62.40 - Low Jun 20

*SUP 4: $60.25 - Low Jun 18

Brent maintains a bullish outlook with bulls holding onto this week's gains. The

focus is on the Fibo projection at 67.09. The bullish theme follows last week's

move through former resistance at 64.10 that confirmed a double bottom reversal

and this week's extension higher. Note momentum studies also remain in bullish.

Above 67.09, objectives are at the 61.8% retracement of the Apr 25-Jun 4 decline

at 68.47 and the double bottom projection at 68.75. Support is at 64.00.