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ICE BRENT: (M18) 55-DMA Confirms..........>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) 55-DMA Confirms Significance
*RES 4: $71.28 - 2018 High Jan 25 (Cont) 
*RES 3: $70.40 - High Mar 26 
*RES 2: $70.04 - High Apr 2 
*RES 1: $69.52 - Hourly support Apr 2 now resistance
*PRICE: $68.97 @ 0430GMT
*SUP 1: $68.30 - Hourly support Apr 9 
*SUP 2: $67.73 - Alternating daily support/resistance 
*SUP 3: $66.69 - Low Apr 4 
*SUP 4: $66.44 - 55-DMA
*COMMENTARY: Bears have failed to take out the 55-DMA with the recovery seeing
bulls gain breathing room and the break of $68.93 shifting initial focus back to
$70.04-40. Support layers are starting to build. Bears now need a close below
$68.30 to gain breathing room and below $67.73 to see pressure back on the
55-DMA and the $65.21-66.69 support region.

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