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ICE BRENT: (F18) Bulls Focused On.........>

OIL TECHS
OIL TECHS: ICE BRENT: (F18) Bulls Focused On 200-WMA
*RES 4: $68.49 - High May 7 
*RES 3: $66.36 - Monthly High June 10 2015 
*RES 2: $66.11 - 200-WMA 
*RES 1: $64.44 - 2017 High Nov 6
*PRICE: $64.18 @ 0430GMT
*SUP 1: $63.74 - Hourly support Nov 6 
*SUP 2: $62.87 - Hourly support Nov 6a 
*SUP 3: $62.08 - Low Nov 6 
*SUP 4: $61.70 - High Nov 1 now support
*COMMENTARY: Fresh 2017 and 2+ year highs continue to start the new week with
bulls currently focused on $66.11-36 where the 200-WMA is located. O/B daily
studies and the Bollinger band top ($63.75) remain key concerns for bulls. In
saying that, layers of resistance accumulating adds to bullish confidence. Bears
now look for a close below $62.87 to ease bullish pressure and below $61.70 to
hint at a correction back to $59.29-82.

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