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

OIL TECHS
OIL TECHS: ICE BRENT: (H18) $67.29 Support Remains Key
*RES 4: $73.41 - High Nov 28 2014 
*RES 3: $69.63 - 2015 High May 6 2015 
*RES 2: $69.46 - Daily Bull channel top 
*RES 1: $68.27 - High Jan 4
*PRICE: $67.96 @ 0430GMT
*SUP 1: $67.62 - Low Jan 4 
*SUP 2: $67.29 - High Jan 2 now support 
*SUP 3: $66.22 - Low Dec 29 
*SUP 4: $65.46 - Low Dec 27
*COMMENTARY: The contract continues to gain ground above the 200-WMA ($65.15)
with immediate focus on $69.46-63 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 need a close below $67.29 to
ease bullish pressure and below $65.46 to shift focus back to $62.55-64.54 where
key supports are noted.

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