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ICE BRENT: (H18) $65.04 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (H18) $65.04 Support Key Today
*RES 4: $70.36 - 2015 High May 6 2015 
*RES 3: $68.79 - Daily Bull channel top 
*RES 2: $66.94 - Monthly High Oct 6 2015 
*RES 1: $66.54 - 2017 High Dec 26
*PRICE: $66.02 @ 0430GMT
*SUP 1: $65.46 - Low Dec 27 
*SUP 2: $65.04 - Hourly resistance Dec 26 now support 
*SUP 3: $64.43 - Hourly support Dec 22 
*SUP 4: $63.78 - Low Dec 21
*COMMENTARY: Bulls take comfort in closes above the 200-WMA ($65.27) that
reconfirm a bullish bias with focus on $68.79-70.36 where the bull channel top
and 2015 highs are situated. The Bollinger top ($66.24) is the key concern for
bulls with potential to limit follow through. Bears need a close below $65.04 to
ease bullish pressure and below the 21-DMA ($63.37) to pressure $60.84-62.25
where the 55-DMA and bull channel base are noted.

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