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

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

*RES 4: $75.75 - 55-DMA 

*RES 3: $75.41 - 21-DMA 

*RES 2: $75.26 - High July 16 

*RES 1: $74.61 - High July 23

*PRICE: $74.34 @ 0350GMT

*SUP 1: $73.63 - Hourly support July 24 

*SUP 2: $72.78 - Low July 23 

*SUP 3: $72.35 - Hourly support July 19 

*SUP 4: $71.90 - Low July 19

*COMMENTARY: Bulls take comfort in support emerging on dips back towards the

100-DMA ($72.52) as pressure returns to $74.61. The $76.15 resistance remains

key with bulls needing a close above to confirm breaks of 21 & 55-DMAs, ending

bearish hopes and shifting initial focus to $79.25-59 where monthly highs are

found. Bears now look for a close below $73.63 to gain breathing room and below

$70.53 to shift focus to $67.05-68.34 where the 200-DMA ($67.49) is noted.