ICE BRENT: (U18) Remains Capped Ahead.....>

OIL TECHS: ICE BRENT: (U18) Remains Capped Ahead Of 21-DMA

*RES 4: $78.80 - High May 31 

*RES 3: $77.63 - High June 1 

*RES 2: $75.37 - 21-DMA 

*RES 1: $74.31 - Alternating hourly support/resistance

*PRICE: $73.91 @ 0430GMT

*SUP 1: $72.98 - Low June 22 

*SUP 2: $72.70 - Low June 21 

*SUP 3: $72.11 - Low June 18 

*SUP 4: $71.12 - Low Apr 20

*COMMENTARY: The recovery from last week's low stalled at the 21-DMA with bulls

now needing a close above the 21-DMA to confirm an easing of bearish pressure

and above $77.63 to end bearish hopes and return focus to $80.07. The $72.11

support remains key today. Bears need a close below this level to confirm a

bearish bias and shift focus to $68.83-70.27 where the 100-DMA and bull channel

base are located.