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ICE BRENT: (N18) $77.60 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (N18) $77.60 Support Key Today
*RES 4: $84.97 - High Nov 10 2014 (Cont) 
*RES 3: $81.61 - High Nov 21 2014 (Cont) 
*RES 2: $79.86 - Daily Bull channel top 
*RES 1: $78.53 - 2018 High May 14
*PRICE: $78.28 @ 0400GMT
*SUP 1: $77.60 - High May 11 now support 
*SUP 2: $76.45 - Hourly support May 9 
*SUP 3: $75.50 - Hourly support May 8 
*SUP 4: $74.87 - Hourly resistance May 8 now support
*COMMENTARY: Fresh 2018 & 3+yr highs continue with bulls currently focused on
$79.86-81.61 last seen in late 2014 and where the bull cannel top is located.
The Bollinger band top ($78.57) remains a concern for bulls and limits follow
through. Bears now need a close below $77.60 to gain breathing room and below
$76.45 to shift initial focus back to $72.20-73.10.

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