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ICE BRENT: (Q18) $78.13 The Focus Today...>

OIL TECHS
OIL TECHS: ICE BRENT: (Q18) $78.13 The Focus Today
*RES 4: $81.61 - High Nov 21 2014 (Cont) 
*RES 3: $80.50 - High May 22 
*RES 2: $79.88 - High May 23 
*RES 1: $78.13 - Low May 21 now resistance
*PRICE: $77.50 @ 0430GMT
*SUP 1: $76.68 - Hourly resistance May 30 now support 
*SUP 2: $76.23 - High May 29 now support 
*SUP 3: $74.53 - Low May 28 
*SUP 4: $73.60 - Bollinger band base
*COMMENTARY: Support emerging ahead of Monday's low provided the base for a
rally Wednesday that closed above the 21-DMA ($77.26), easing bearish pressure
and seeing focus back on $78.13. Bulls need a close above this level to shift
initial focus back to $79.88-80.50. The $76.23 support is key today. Bears need
a close below this level to return focus to $74.53 with a close below then
seeing bears targeting $71.65-72.56.

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