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ICE BRENT: (K18) $63.19 Support Key.......>

OIL TECHS: ICE BRENT: (K18) $63.19 Support Key Today
*RES 4: $67.67 - High Feb 26 
*RES 3: $66.81 - Hourly resistance Feb 27 
*RES 2: $66.40 - 55-DMA 
*RES 1: $64.90 - Hourly support Mar 7 now resistance
*PRICE: $63.82 @ 0430GMT
*SUP 1: $63.49 - Low Mar 8 
*SUP 2: $63.19 - Low Mar 1 
*SUP 3: $61.44 - 2018 Low Feb 13 
*SUP 4: $60.56 - Low Nov 17
*COMMENTARY: The failures ahead of the 55-DMA this week leaves the contract
looking a little heavy with bears taking comfort in the close below the 100-DMA
($64.09). Bears now focus on the break of $63.19 needed to initially target
$59.18-61.48. Bulls need a close above the 55-DMA to gain breathing room and
above $67.67 to shift focus back to $69.72-70.35 where 2018 highs are situated.

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