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ICE BRENT: (J18) Fresh Rise Sees Close....>

OIL TECHS
OIL TECHS: ICE BRENT: (J18) Fresh Rise Sees Close Above $70.05 
*RES 4: $71.41 - 7 month bull channel top
*RES 3: $71.20 - 1.618 swing of $69.94-$67.90
*RES 2: $71.02 - Hourly resistance
*RES 1: $70.53 - Intraday high
*PRICE: $70.41 @ 0258GMT    
*SUP 1: $69.45/50 - Hourly support
*SUP 2: $69.11 - Jan 22 high, Jan 24 low
*SUP 3: $68.52/54 - Series hourly highs Jan 22
*SUP 4: $67.90 - Jan 19 low
*COMMENTARY: Found the strength to move through the previous 69.94 high on
Wednesday, as well as the 50% Fibo retrace level at $70.15. A high seen so far
of $70.53, as we eye a move towards $71.02-$71.20 next, ahead of the 7 month
bull channel top at $71.41. In the interim, nearest support moves up to
$69.50-$69.45, with the $69.11 area currently a more significant level below.

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