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

OIL TECHS
OIL TECHS: ICE BRENT: (J18) $66.74-67.72 Support Remains Key
*RES 4: $73.41 - High Nov 28 2014 
*RES 3: $73.08 - Daily bull channel top 
*RES 2: $70.78 - 2018 High Jan 25 
*RES 1: $69.55 - Low Jan 25 now resistance
*PRICE: $68.86 @ 0340GMT
*SUP 1: $68.69 - Hourly support Jan 22 
*SUP 2: $68.65 - 21-DMA 
*SUP 3: $67.72 - High Jan 4 now support 
*SUP 4: $66.74 - Low Jan 5
*COMMENTARY: Bulls took 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 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 $64.48-65.07 where the 55-DMA is
noted. Bulls now need a close above $69.55 to gain breathing room and retain
overall focus on $73.41.

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