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ICE BRENT: (U18) $76.36 Resistance Key....>

OIL TECHS
OIL TECHS: ICE BRENT: (U18) $76.36 Resistance Key Today
*RES 4: $78.15 - Low July 10 now resistance 
*RES 3: $76.36 - Low July 6 now resistance 
*RES 2: $75.10 - High July 12 
*RES 1: $74.55 - Hourly resistance July 12
*PRICE: $74.08 @ 0350GMT
*SUP 1: $72.70 - Low June 21 
*SUP 2: $72.19 - 100-DMA 
*SUP 3: $72.11 - Monthly Low June 18 
*SUP 4: $71.12 - Alternating daily support/resistance
*COMMENTARY: The lack of topside follow through and hesitation at $79.56 left
the contract looking heavy resulting in a sharp sell-off returning focus to
$71.12. The Bollinger base ($72.12) is the key concern for bears with potential
to limit follow through. The $76.36 resistance is now seen as key. Bulls need a
close above to confirm breaks of 21 & 55-DMAs, easing bearish pressure and
shifting focus back to $78.15-80.07.

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