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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: $70.78 - 2018 High Jan 25 
*RES 2: $69.55 - Low Jan 25 now resistance 
*RES 1: $68.72 - 21-DMA
*PRICE: $68.00 @ 0340GMT
*SUP 1: $67.72 - High Jan 4 now support 
*SUP 2: $66.74 - Low Jan 5 
*SUP 3: $65.15 - 55-DMA 
*SUP 4: $64.48 - High Dec 12 now support
*COMMENTARY: Recent 2018 & 3+ year highs lacked follow through with bears now
taking comfort as the contract consolidates below the 21-DMA and pressures key
supports. Bears need a close below $67.72 hint at a move back to $64.48-65.15
where the 55-DMA is noted and below $66.74 to confirm. The 21-DMA is initial
resistance but bulls a close above $69.55 to gain breathing room and above
$70.78 to target $73.41.

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