ICE BRENT: (V18) Above $76.15 To Shift....>

OIL TECHS: ICE BRENT: (V18) Above $76.15 To Shift Focus Higher

*RES 4: $75.26 - High July 16 

*RES 3: $74.61 - High July 23 

*RES 2: $74.19 - Hourly resistance July 23a 

*RES 1: $73.49 - Hourly resistance July 23

*PRICE: $73.07 @ 0350GMT

*SUP 1: $72.78 - Low July 23 

*SUP 2: $72.35 - Hourly support July 19 

*SUP 3: $71.90 - Low July 19 

*SUP 4: $71.77 - Daily Bull channel base off Feb 13 low

*COMMENTARY: The $70.53 support is key this week. Bears need a close below this

level to confirm traction below the 100-DMA ($72.42) and the daily bull channel

base and shift initial focus to $67.05-68.34 where the 200-DMA ($67.39) is

noted. Bulls now need a close above $74.61 to gain breathing room and above

$76.15 to confirm breaks of 21 & 55-DMAs and shift initial focus to $79.25-59

where monthly highs are found.