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ICE BRENT: (U18) 21-DMA & $77.63 Levels...>

OIL TECHS
OIL TECHS: ICE BRENT: (U18) 21-DMA & $77.63 Levels Key Today
*RES 4: $78.80 - High May 31 
*RES 3: $77.89 - Bollinger band top 
*RES 2: $77.63 - High June 1 
*RES 1: $76.78 - High June 12
*PRICE: $76.30 @ 0350GMT
*SUP 1: $75.50 - Hourly resistance June 26 now support, 21-DMA 
*SUP 2: $73.43 - Hourly support June 22 
*SUP 3: $72.70 - Low June 21 
*SUP 4: $72.11 - Low June 18
*COMMENTARY: Hesitation at the 21-DMA came to an end with an aggressive break
higher Tuesday with immediate focus now on $77.63. Bulls need a close above
$77.63 to end bearish hopes and return focus to $80.07. The 21-DMA is now
initial support with bears needing a close below to ease bullish pressure and
below $72.11 to confirm a bearish bias and shift focus to $68.83-70.50 where the
100-DMA and bull channel base are located.

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