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ICE BRENT: (H18) $67.29 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (H18) $67.29 Support Key Today
*RES 4: $73.41 - High Nov 28 2014 
*RES 3: $69.63 - 2015 High May 6 2015 
*RES 2: $69.33 - Daily Bull channel top 
*RES 1: $68.33 - Bollinger band top
*PRICE: $67.93 @ 0340GMT
*SUP 1: $67.29 - High Jan 2 now support 
*SUP 2: $66.22 - Low Dec 29 
*SUP 3: $65.46 - Low Dec 27 
*SUP 4: $65.04 - Hourly resistance Dec 26 now support
*COMMENTARY: The contract continues to gain ground above the 200-WMA ($65.15)
with immediate focus on $69.33-63 where the bull channel top and 2015 highs are
situated. Daily studies looking to correct from O/B and the Bollinger band top
are key concerns for bulls. In saying that, bears now need a close below $67.29
to ease bullish pressure and below $65.46 to shift focus back to $62.35-64.28
where key supports are noted.

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