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ICE BRENT: (K18) Above $67.67 To Target...>

OIL TECHS: ICE BRENT: (K18) Above $67.67 To Target 2018 High
*RES 4: $69.72 - High Feb 2 
*RES 3: $67.67 - High Feb 26 
*RES 2: $66.81 - Hourly resistance Feb 27 
*RES 1: $66.21 - 55-DMA
*PRICE: $65.64 @ 0340GMT
*SUP 1: $65.12 - Alternating hourly support/resistance 
*SUP 2: $64.10 - Low Mar 5 
*SUP 3: $63.19 - Low Mar 1 
*SUP 4: $61.44 - 2018 Low Feb 13
*COMMENTARY: Bears have failed to gain traction below the 100-DMA ($63.88)
despite recent dips with the recovery seeing pressure back on the $66.21-67.67
region where the 55-DMA is situated. Bulls continue to look for a close above
$67.67 to shift focus to $69.72-70.35 where 2018 highs are located. Bears now
look for a close below $65.12 to gain breathing room and below $63.19 to confirm
a break of the 100-DMA and initially target $59.18-61.48.

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