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BRENT TECHS: ICE BRENT(V18) Gaining Upside Momentum
*RES 4: $76.15 - Low July 6 now resistance
*RES 3: $75.79 - High July 30
*RES 2: $75.17 - 55-DMA
*RES 1: $74.82 - Low July 30 now resistance
*PRICE: $74.00 @ 0535GMT
*SUP 1: $72.48 - Low August 3
*SUP 2: $71.84 - Low August 2
*SUP 3: $71.30 - Low July 18
*SUP 4: $70.85 - Bear channel bottom
Brent is gaining upside momentum with bulls now looking for a close above the
55-DMA at $75.17 and the July 30 highs at$75.79 to bring the July highs into
play. On the downside, bears need to see a break below the August 2 low of
$71.84 to mount an attack on the bear channel bottom now at $70.85.