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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: $79.18 - High May 31 
*RES 3: $77.95 - High June 1 
*RES 2: $76.57 - Hourly resistance June 4a 
*RES 1: $75.89 - Hourly resistance June 4
*PRICE: $75.44 @ 0430GMT
*SUP 1: $74.53 - Low May 28 
*SUP 2: $74.33 - Bollinger band base 
*SUP 3: $73.15 - 55-DMA 
*SUP 4: $71.65 - Low Apr 20
*COMMENTARY: Topside follow through was lacking Thursday which resulted in
losses Friday and Monday & the contract remaining offered. The $74.53 support is
key this week. Bears need a close below to shift focus back to $71.65-73.15
where the 55-DMA is noted. Bulls now look for a close above $77.95 gain
breathing room and return pressure to layers of resistance $79.18-80.50 where
2018 highs are situated.

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