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ICE BRENT: (J18) 200-WMA Caps, $60.69.....>

OIL TECHS: ICE BRENT: (J18) 200-WMA Caps, $60.69 Support Key
*RES 4: $64.97 - Hourly resistance Feb 8 
*RES 3: $64.64 - High Feb 9 
*RES 2: $64.43 - 200-WMA 
*RES 1: $63.10 - High Feb 13
*PRICE: $62.82 @ 0430GMT
*SUP 1: $62.36 - Hourly support Feb 13 
*SUP 2: $61.76 - 2018 Low Feb 13 
*SUP 3: $60.69 - Monthly Low Nov 17 
*SUP 4: $59.32 - Low Oct 30
*COMMENTARY: The correction lower from 2018 highs resulted in a weekly close
below the 200-WMA with immediate focus now on $60.69 monthly lows. Bears look
for a close below $60.69 to shift focus to $57.26-57.78 where the 200-DMA is
situated. O/S studies remain the key concern for bears. Bulls now need a close
above the 200-WMA to ease bearish pressure and above $67.81 to shift initial
focus back to $70.02-78.

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