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ICE BRENT: (N18) $76.45 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (N18) $76.45 Support Key Today
*RES 4: $84.97 - High Nov 10 2014 (Cont) 
*RES 3: $81.61 - High Nov 21 2014 (Cont) 
*RES 2: $79.54 - Daily Bull channel top 
*RES 1: $78.00 - 2018 High May 10
*PRICE: $76.75 @ 0430GMT
*SUP 1: $76.45 - Hourly support May 9 
*SUP 2: $75.50 - Hourly support May 8 
*SUP 3: $74.87 - Hourly resistance May 8 now support 
*SUP 4: $74.20 - 21-DMA
*COMMENTARY: The lack of follow through on recent 2018 & 3+yr highs is less than
ideal for bulls with daily studies looking to correct from O/B. In saying that,
bulls currently focus on $79.54-81.61 last seen in late 2014. The Bollinger band
top ($77.86) remains a concern for bulls and limits follow through. Bears now
need a close below $76.45 to gain breathing room and below $72.20 to shift
initial focus to the $69.92 support.

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