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ICE BRENT: (H18) Immediate Focus On.......>

OIL TECHS
OIL TECHS: ICE BRENT: (H18) Immediate Focus On 200-WMA
*RES 4: $68.47 - Daily Bull channel top 
*RES 3: $65.40 - 200-WMA 
*RES 2: $64.95 - High Dec 12 
*RES 1: $64.59 - Bollinger band top
*PRICE: $64.31 @ 0430GMT
*SUP 1: $64.11 - Hourly support Dec 21 
*SUP 2: $63.78 - Low Dec 21 
*SUP 3: $63.30 - Low Dec 20 
*SUP 4: $62.91 - 21-DMA
*COMMENTARY: The correction lower from ahead of the 200-WMA found support ahead
of the daily bull channel base with the recovery seeing bullish focus back on
$64.95-65.40 where the 200-WMA is located. Above the 200-WMA then targets the
bull channel top. Bears need a close below $63.30 to ease immediate bullish
pressure and below the bull channel base ($61.98) to shift initial focus back to
$60.84-00 where the 55-DMA and Dec lows are noted.

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