ICE BRENT(Q19): Rebounds remain...........>

OIL TECHS: ICE BRENT(Q19): Rebounds remain corrective

*RES 4: $66.75/80 - 50% Apr-Jun fall/100-dma

*RES 3: $66.67 - May 29 Low

*RES 2: $64.91 - High May 31

*RES 1: $64.10 - High Jun 10

*PRICE: $62.39 @ 07:38 BST Jun 19

*SUP 1: $59.45 - Low June 5

*SUP 2 :$58.99 - Low Nov 29

*SUP 3: $56.77 - 76.4% Dec-Apr rally

*SUP 4: $55.34 - Low Apr 1

The recent rebound off the Jun 13 low is viewed as a correction and further

upside potential near-term is likely to remain limited. Major resistance remains

at the $64.10 level, a break here is required signal a potential reversal. A

decline back below $60.25 triggers a renewed bearish signal putting the focus

back on the $59.45 low. Below here targets $56.77. Maintain a bearish stance

below 64.10.