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ICE BRENT: (Q18) $74.53 Support Key.......>

OIL TECHS
OIL TECHS: ICE BRENT: (Q18) $74.53 Support Key This Week
*RES 4: $79.88 - High May 23 
*RES 3: $79.18 - High May 31 
*RES 2: $78.18 - Hourly resistance May 31 
*RES 1: $77.26 - Hourly resistance June 1
*PRICE: $76.53 @ 0350GMT
*SUP 1: $76.23 - High May 29 now support 
*SUP 2: $74.58 - Bollinger band base 
*SUP 3: $74.53 - Low May 28 
*SUP 4: $72.99 - Bollinger band base
*COMMENTARY: Topside follow through was lacking Thursday which resulted in
losses Friday and the contract looking heavy today. The $74.53 support is key
this week. Bears need a close below to shift focus back to $71.65-72.99 where
the 55-DMA is noted. Bulls now look for a close above $78.18 gain breathing room
and return pressure to layers of resistance $79.18-80.50 where 2018 highs are
situated.

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