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

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

*RES 4: $76.15 - Low July 6 now resistance 

*RES 3: $75.73 - 55-DMA 

*RES 2: $75.30 - 21-DMA 

*RES 1: $75.26 - High July 16

*PRICE: $74.90 @ 0350GMT

*SUP 1: $74.72 - Hourly resistance July 25 now support 

*SUP 2: $74.26 - Hourly support July 25 

*SUP 3: $73.48 - Low July 25 

*SUP 4: $72.78 - Low July 23

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

100-DMA ($72.65) as pressure returns to 21 7 55-DMAs. 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 $74.26 to gain breathing room and

below $70.53 to shift focus to $67.05-68.34 where the 200-DMA ($67.58) is noted.