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

OIL TECHS
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.

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