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: $63.50 @ 07:40 BST Jun 20

*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

Brent technical conditions are unchanged. 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.