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ICE BRENT: (M18) Topside Follow Through...>

OIL TECHS
OIL TECHS: ICE BRENT: (M18) Topside Follow Through Lacking
*RES 4: $73.41 - High Nov 28 2014 (Cont) 
*RES 3: $71.28 - 2018 High Jan 25 (Cont) 
*RES 2: $70.40 - High Mar 26 
*RES 1: $69.94 - Alternating hourly support/resistance
*PRICE: $69.06 @ 0430GMT
*SUP 1: $68.12 - Low Mar 22 
*SUP 2: $67.72 - Hourly support Mar 21a 
*SUP 3: $66.78 - Hourly support Mar 20 
*SUP 4: $66.44 - 55-DMA
*COMMENTARY: Continued topside hesitation is a concern for bulls when combined
with daily studies looking to correct from O/B. The $67.72-68.12 support region
remains key . Bears need a close below this region to shift initial focus back
to the 55-DMA. While $67.72-68.12 supports bulls remain focused on $71.28 where
2018 highs are located. Bulls look for a close above 2018 highs to target
$73.41-76.75 last seen in Nov 2014.

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