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ICE BRENT: (H18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: ICE BRENT: (H18) Bears Need Close Below $65.46
*RES 4: $70.36 - 2015 High May 6 2015 
*RES 3: $69.20 - Daily Bull channel top 
*RES 2: $67.52 - Bollinger band top 
*RES 1: $67.29 - High Jan 2
*PRICE: $66.53 @ 0430GMT
*SUP 1: $66.22 - Low Dec 29 
*SUP 2: $65.46 - Low Dec 27 
*SUP 3: $65.04 - Hourly resistance Dec 26 now support 
*SUP 4: $64.43 - Hourly support Dec 22
*COMMENTARY: Bulls take comfort in closes above the 200-WMA ($65.14) that
reconfirm a bullish bias with focus on $69.20-70.36 where the bull channel top
and 2015 highs are situated. The Bollinger top is the key concern for bulls with
potential to limit follow through. Bears need a close below $65.46 to ease
bullish pressure and below the 21-DMA ($63.95) to pressure $60.84-62.78 where
the 55-DMA and bull channel base are noted.

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