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

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

*RES 4: $77.96 - Low July 10 now resistance 

*RES 3: $76.15 - Low July 6 now resistance 

*RES 2: $75.71 - 55-DMA 

*RES 1: $75.20 - 21-DMA

*PRICE: $75.01 @ 0430GMT

*SUP 1: $74.72 - Hourly resistance July 26 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 took comfort in support emerging on dips back towards the

100-DMA ($72.77) as pressure remains on 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 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 ($67.68) is noted.