ICE BRENT: (J18) $66.74-67.72 Support.....>

OIL TECHS: ICE BRENT: (J18) $66.74-67.72 Support Region Key

*RES 4: $70.05 - 2018 High Jan 11 (G18) 

*RES 3: $69.94 - High Jan 15 

*RES 2: $69.39 - Hourly resistance Jan 16 

*RES 1: $68.72 - Hourly support Jan 19 now resistance

*PRICE: $68.46 @ 0430GMT

*SUP 1: $67.72 - High Jan 4 now support 

*SUP 2: $67.43 - 21-DMA 

*SUP 3: $66.74 - Low Jan 5 

*SUP 4: $64.48 - High Dec 12 now support

*COMMENTARY: The contract has remained a little offered following the $69.94

high with the $66.74-67.72 support region key. Bears still need a close below

$67.72 to ease bullish pressure and below $66.74 to confirm a break of the

21-DMA and shift focus back to $64.32-64.48 where the 55-DMA is noted. Bulls

need a close above $68.72 to gain breathing room. Correcting O/B studies are now

weighing.