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ICE BRENT: (G18) Aggressively Rejected....>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) Aggressively Rejected Above 200-WMA
*RES 4: $66.36 - High June 11 2015 
*RES 3: $65.83 - High Dec 12 
*RES 2: $64.93 - Alternating support/resistance 
*RES 1: $64.26 - Hourly support Dec 12 now resistance
*PRICE: $63.93 @ 0325GMT
*SUP 1: $62.99 - Low Dec 11 
*SUP 2: $62.82 - 21-DMA 
*SUP 3: $61.73 - Hourly support Dec 7, Daily Bull channel base 
*SUP 4: $61.00 - Low Nov 17
*COMMENTARY: The aggressive rejection above the 200-WMA ($65.47) Tuesday didn't
quite result in a bearish key day reversal but layers of resistance accumulating
is adding weight to the bearish case for a test of the $61.00-92 region where
the bull channel base is noted. Bulls now need a close above $64.93 to retain
focus on the $65.83-68.16 region where the 200-WMA and bull channel top ($68.16)
are located.

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