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ICE BRENT: (U18) $75.50-76.93 Support.....>

OIL TECHS
OIL TECHS: ICE BRENT: (U18) $75.50-76.93 Support Region Key
*RES 4: $80.07 - Monthly High May 22 
*RES 3: $78.80 - High May 31 
*RES 2: $78.07 - Bollinger band top 
*RES 1: $78.00 - High June 27
*PRICE: $77.40 @ 0350GMT
*SUP 1: $76.93 - Hourly resistance June 27 now support 
*SUP 2: $76.11 - Low June 27 
*SUP 3: $75.78 - Hourly support June 26 
*SUP 4: $75.50 - Hourly resistance June 26 now support
*COMMENTARY: The break of the 21-DMA ($75.56) has provided the impetus for a
move now targeting $78.80-80.07. The Bollinger top is the key concern for bulls
with potential to limit follow through. In saying that, daily studies have room
to move before O/B is an issue. Bears now look for a close below $76.93 to gain
breathing room and below $75.50 to shift focus back to $70.64-72.11 where the
100-DMA is situated.

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