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

OIL TECHS: ICE BRENT: (U18) $76.36 Resistance Key

*RES 4: $78.15 - Low July 10 now resistance 

*RES 3: $76.36 - Low July 6 now resistance 

*RES 2: $76.19 - 55-DMA 

*RES 1: $75.29 - Hourly resistance July 16

*PRICE: $74.90 @ 0350GMT

*SUP 1: $74.69 - Hourly resistance July 13 now support 

*SUP 2: $72.70 - Low June 21 

*SUP 3: $72.19 - 100-DMA 

*SUP 4: $72.11 - Monthly Low June 18

*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 ($72.55) is the key concern for bears with potential

to limit follow through. The $76.36 resistance remains key. Bulls need a close

above $76.36 to confirm breaks of 21 & 55-DMAs, easing bearish pressure and

shifting focus back to $78.15-80.07.