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ICE BRENT: (M18) Below $72.26 To Ease.....>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) Below $72.26 To Ease Bullish Pressure
*RES 4: $81.61 - High Nov 21 2014 (Cont) 
*RES 3: $77.30 - Low Nov 26 2014 (Cont) now resistance 
*RES 2: $74.97 - Weekly Bull channel top 
*RES 1: $73.96 - 2018 High Apr 19
*PRICE: $73.88 @ 0430GMT
*SUP 1: $73.41 - Hourly resistance Apr 18 now support 
*SUP 2: $72.26 - Hourly resistance Apr 18a now support 
*SUP 3: $70.83 - Low Apr 17 
*SUP 4: $70.40 - High Mar 26 now support
*COMMENTARY: Topside hesitation came to an end with an aggressive rally and
bullish close with 2018 & 3+yr highs seeing immediate bullish focus on the
weekly bull channel top. Bulls then look for a close above $77.30 to shift focus
to $81.61. Bears now need a close below $72.26 to ease bullish pressure and
below the 21-DMA ($70.01) to confirm a break of $70.40 and shift focus back to
$66.20-68.80.

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