BRENT TECHS: (F20): Bullish Focus *RES 4: $66.58 -...>

BRENT TECHS: (F20): Bullish Focus

*RES 4: $66.58 - High Sep 17

*RES 3: $63.96 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 2: $63.49 - High Sep 19

*RES 1: $62.78 - High Nov 4

*PRICE: $62.29 @ 06:18 GMT Nov 5

*SUP 1: $60.19 Trendline support drawn off Oct 3 low

*SUP 2: $59.20 - Low Oct 31 and intraday bear trigger

*SUP 3: $58.67 - Low Oct 23

*SUP 4: $57.97 - Low Oct 21

BRENT closed on a firm note Friday following a strong recovery. The week has

started on a bullish note too. Recent gains have defined key support at $59.20,

Oct 31 low where a break is required if we are to see bearish pressure return.

Friday's bounce is significant in that it means trendline support drawn off Oct

3 low, despite being probed last week, remains intact. The focus for now is on a

climb towards the 63.96 retracement.