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ICE BRENT: (M18) Bulls Focused On.........>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) Bulls Focused On $73.41-74.16
*RES 4: $77.30 - Low Nov 26 2014 (Cont) now resistance 
*RES 3: $74.16 - Daily Bull channel top 
*RES 2: $73.41 - High Nov 28 2014 (Cont) 
*RES 1: $73.11 - 2018 High Apr 11
*PRICE: $72.28 @ 0430GMT
*SUP 1: $71.82 - Hourly support Apr 11 
*SUP 2: $71.34 - High Apr 10 now support 
*SUP 3: $70.40 - High Mar 26 now support 
*SUP 4: $69.66 - Hourly resistance Apr 10 now support
*COMMENTARY: The recovery form dips towards the 55-DMA has resulted in fresh
2018 & 3+yr highs with bulls now initially focused on $73.41-74.16 where the
bull channel top is. Overall focus is now on the $77.30 levels. The Bollinger
top ($72.39) is the key concern for bulls. Layers of support following the
contract higher add to bullish confidence. Bears now need a close below $71.34
to gain breathing room and below $70.40 to shift focus back to $66.26-68.80.

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