BRENT TECHS: (F20): Consolidating But Remains........>

BRENT TECHS: (F20): Consolidating But Remains Bullish

*RES 4: $66.58 - High Sep 17

*RES 3: $65.95 - 76.4% retracement of Sep 16 - Oct 3 decline

*RES 2: $63.96 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 1: $63.32/49 - High Nov 6 / High Sep 19

*PRICE: $62.51 @ 06:31 GMT Nov 15

*SUP 1: $61.80 - Trendline support drawn off Oct 3 low

*SUP 2: $60.66 - Low Nov 8 and intraday bear trigger

*SUP 3: $59.20 - Low Oct 31

*SUP 4: $58.67 - Low Oct 23

BRENT is unchanged and continues to consolidate. The outlook remains bullish and

price action is holding above trendline support drawn off the Oct 3 low that

intersects at $61.80. While the trendline holds, the focus is on a climb towards

the $63.96 retracement with the bull trigger at $63.32. An additional key

support lies at $60.66, Nov 8 low. A break here is required to threaten the

uptrend.