ICE BRENT: (N18) Below 21-DMA To Shift....>

OIL TECHS: ICE BRENT: (N18) Below 21-DMA To Shift Focus Lower

*RES 4: $81.61 - High Nov 21 2014 (Cont) 

*RES 3: $77.30 - Low Nov 26 2014 (Cont) now resistance 

*RES 2: $76.52 - Bollinger band top 

*RES 1: $75.61 - 2018 High Apr 30

*PRICE: $74.86 @ 0430GMT

*SUP 1: $74.13 - Hourly support Apr 30 

*SUP 2: $72.81 - Low Apr 30 

*SUP 3: $72.20 - Low Apr 20 

*SUP 4: $71.51 - 21-DMA

*COMMENTARY: Bulls take comfort in fresh 2018 & 3+ year highs although the lack

of follow through is less than ideal as daily studies continue to correct from

O/B. Bears now look for a close below $74.13 to gain breathing room and below

the 21-DMA to shift initial focus to the $69.92 support. Bulls now focus on the

$77.30-81.61 region last seen in Nov 2014 while $74.13 supports with a close

above $75.61 to add support to their case.