ICE BRENT: (U18) Above $80.50 To Target...>

OIL TECHS: ICE BRENT: (U18) Above $80.50 To Target $87.94

*RES 4: $80.07 - High May 22 

*RES 3: $79.56 - High June 29 

*RES 2: $78.95 - High July 2 

*RES 1: $78.10 - Hourly resistance July 3

*PRICE: $77.88 @ 0430GMT

*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: $75.54 - 55-DMA

*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 look for a close below $76.93 to gain

breathing room and below the 55-DMA ($75.55) to shift focus back to $71.12-72.11

where the 100-DMA ($71.14) is situated. Bulls now need a close above $80.50 to

target $87.94 last seen in Oct 2014.