ICE BRENT(Q19): Bullish tone remains in...>

OIL TECHS: ICE BRENT(Q19): Bullish tone remains in place

*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: $66.22 @ 06:40 BST Jun 27

*SUP 1: $64.00 - Low Jun 21 and close to the former 64.10 breakout point

*SUP 2: $62.40 - Low Jun 20

*SUP 3: $60.25 - Low Jun 18

*SUP 4: $59.45 - Low June 5

Brent extended gains yday trading to highs just short of the Fibo projection at

67.09. Last week's break of 64.10 that confirmed a double bottom reversal leaves

the outlook bullish helped by this week's extension higher and momentum studies.

The first objective at 66.75, the 50% retracement of the Apr 25-Jun 4 decline

has been achieved. The focus is now the 61.8% retracement at 68.47 and 68.75.

The latter represents the double bottom projection. Support is at 64.00.