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ICE BRENT: (M18) Hesitating Around........>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) Hesitating Around 55-DMA, $65.22 Support Key Today
*RES 4: $69.36 - High Feb 2 
*RES 3: $67.40 - High Feb 26 
*RES 2: $66.97 - Bollinger band top 
*RES 1: $66.17 - 55-DMA
*PRICE: $64.86 @ 0340GMT
*SUP 1: $65.62 - Hourly support Mar 16 
*SUP 2: $65.22 - High Mar 15 now support 
*SUP 3: $64.45 - Low Mar 15 
*SUP 4: $63.92 - Low Mar 14
*COMMENTARY: Support around the 100-DMA ($64.34) provided the base for a
marginal pop above the 55-DMA Friday although follow through has been lacking.
Bulls look for a close above the 55-DMA to confirm initial focus on $67.40 with
the Bollinger top their key concern. Bears now need a close below $65.22 to ease
pressure on the 55-DMA and below $62.52 to confirm focus on $60.43-61.21 where
2018 lows are situated.

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