ICE BRENT: (K18) Immediate Focus Back.....>

OIL TECHS: ICE BRENT: (K18) Immediate Focus Back On $63.86

*RES 4: $67.67 - High Feb 26 

*RES 3: $66.81 - Hourly resistance Feb 27 

*RES 2: $66.18 - 55-DMA 

*RES 1: $65.12 - Hourly support Feb 28 now resistance

*PRICE: $64.74 @ 0430GMT

*SUP 1: $64.21 - Low Feb 21 

*SUP 2: $63.86 - Low Feb 16 

*SUP 3: $63.62 - 100-DMA 

*SUP 4: $61.44 - 2018 Low Feb 13

*COMMENTARY: Follow was lacking on the break of $67.52 with correcting O/B

studies and momentum divergence now taking its toll. The close below $65.57

hints at a move back to $61.48 with below $63.86 to confirm. Layers of

resistance are building with bulls now needing a close above the 55-DMA to gain

breathing room and above $67.67 to add support to the case for a test of

$69.72-70.35 where 2018 highs are situated.