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ICE BRENT: (M18) Bears Now Need Close.....>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) Bears Now Need Close Below 55-DMA
*RES 4: $71.28 - 2018 High Jan 25 (Cont) 
*RES 3: $69.97 - Monthly High Jan 25 
*RES 2: $69.36 - High Feb 2 
*RES 1: $67.55 - Bollinger band top
*PRICE: $67.28 @ 0430GMT
*SUP 1: $66.78 - Hourly support Mar 20 
*SUP 2: $66.21 - 55-DMA 
*SUP 3: $65.21 - Low Mar 19 
*SUP 4: $64.50 - 100-DMA
*COMMENTARY: Pressure on the 55-DMA has taken its toll with an aggressive break
higher Tuesday what now sees focus on $69.36-71.28 where monthly and 2018 highs
are noted. The Bollinger top is the key concern for bulls with potential to
limit follow through. Bears now need a close below the 55-DMA to ease bullish
pressure. Below $65.21 is needed to hint at a move back to $61.21 with below
$63.92 to confirm.

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