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ICE BRENT: (J18) Focus Returns To 2018....>

OIL TECHS
OIL TECHS: ICE BRENT: (J18) Focus Returns To 2018 High
*RES 4: $73.41 - High Nov 28 2014 
*RES 3: $73.05 - Daily Bull channel top 
*RES 2: $70.78 - 2018 High Jan 25 
*RES 1: $70.60 - Bollinger band top
*PRICE: $69.83 @ 0430GMT
*SUP 1: $68.99 - 21-DMA 
*SUP 2: $67.72 - High Jan 4 now support 
*SUP 3: $66.74 - Low Jan 5 
*SUP 4: $65.30 - 55-DMA
*COMMENTARY: Recent 2018 & 3+ year highs lacked follow through with the pullback
resulting in dips below the 21-DMA. Bears still need a close below $67.72 to
hint at a move back to $64.48-65.15 where the 55-DMA is noted and below $66.74
to confirm. Bulls continue to look for a close above $70.78 to target $73.05-41
where the daily bull channel top is located.

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