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ICE BRENT: (U18) $75.42-76.93 Support.....>

OIL TECHS
OIL TECHS: ICE BRENT: (U18) $75.42-76.93 Support Region Key
*RES 4: $80.50 - 2018 High May 17 (Cont) 
*RES 3: $80.07 - High May 22 
*RES 2: $79.56 - High June 29 
*RES 1: $78.85 - Hourly resistance June 29
*PRICE: $78.20 @ 0430GMT
*SUP 1: $77.99 - Hourly support July 2 
*SUP 2: $76.93 - Hourly resistance June 27 now support 
*SUP 3: $76.11 - Low June 27 
*SUP 4: $75.78 - Hourly support June 26
*COMMENTARY: Topside follow through is lacking which is a concern for bulls
given the significance of the $80.07-50 resistance region and daily studies now
looking to correct from O/B. Bears now look for a close below $76.93 to gain
breathing room and below the 55-DMA ($75.42) to shift focus back to $70.98-72.11
where the 100-DMA ($70.98) is situated. Bulls now need a close above $80.50 to
target $87.94 last seen in Oct 2014.

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