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

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

*RES 4: $73.41 - High Nov 28 2014 

*RES 3: $70.87 - Bollinger band top 

*RES 2: $70.78 - 2018 High Jan 25 

*RES 1: $70.12 - Hourly support Jan 25 now resistance

*PRICE: $69.80 @ 0355GMT

*SUP 1: $69.12 - Hourly resistance Jan 23 now support 

*SUP 2: $68.69 - Hourly support Jan 22 

*SUP 3: $68.36 - 21-DMA 

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

*COMMENTARY: Bulls take comfort in fresh 2017 & 3+ year highs although the lack

of topside follow through is less than ideal with the Bollinger band top

capping. Bears now look for a close below $67.72 to confirm a break of the

21-DMA and below $66.74 to shift initial focus back to $64.48-85 where the

55-DMA is noted. Bulls currently focus on tests of $73.41 with the Bollinger

band top being their key concern.