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ICE BRENT: (J18) $60.69 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (J18) $60.69 Support Key This Week
*RES 4: $66.53 - Low Feb 6 now resistance 
*RES 3: $65.81 - 55-DMA 
*RES 2: $64.97 - Hourly resistance Feb 8 
*RES 1: $64.10 - High Feb 8
*PRICE: $63.39 @ 0340GMT
*SUP 1: $62.35 - Hourly support Feb 9 
*SUP 2: $61.77 - 2018 Low Feb 9 
*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 ($64.43) with immediate focus now on $60.69 monthly lows.
Bears look for a close below $60.69 to shift focus to $57.14-57.78 where the
200-DMA is situated. O/S studies remain the key concern for bears. Bulls now
need a close above $64.10 to ease bearish pressure and above the 21-DMA ($68.04)
to shift focus back to $70.02-78.

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