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ICE BRENT: (G18) Pressuring 200-WMA.......>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) Pressuring 200-WMA
*RES 4: $68.49 - High May 7 2015 
*RES 3: $68.01 - Daily Bull channel top 
*RES 2: $66.36 - High June 11 2015 
*RES 1: $65.47 - 200-WMA
*PRICE: $65.22 @ 0315GMT
*SUP 1: $64.93 - High Dec 11 now support 
*SUP 2: $63.98 - Hourly resistance Dec 11 now support 
*SUP 3: $62.99 - Low Dec 11 
*SUP 4: $62.82 - 21-DMA
*COMMENTARY: The recovery from a dip back towards the daily bull channel base
($61.58) resulted in fresh 2017 and 2+ year highs with immediate bullish focus
on the 200-WMA. Bulls need a close above the 200-WMA to shift initial focus to
$66.36-69.63 where 2015 highs and bull channel top are located. Bears now need a
close below $63.98 to ease bullish pressure and below the 21-DMA to return
pressure to $61.00-92 where the bull channel base is noted.

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