BRENT TECHS: (F20): Focus Is On Gains *RES 4:........>

BRENT TECHS: (F20): Focus Is On Gains

*RES 4: $66.58 - High Sep 17

*RES 3: $65.95 - 61.8% 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: $62.17 @ 06:14 GMT Nov 8

*SUP 1: $61.28 - Low Nov 4

*SUP 2: $60.79 - Trendline support drawn off Oct 3 low

*SUP 3: $59.20 - Low Oct 31 and intraday bear trigger

*SUP 4: $58.67 - Low Oct 23

BRENT outlook remains bullish following positive price action overall since Nov

1. The recovery last Friday meant trendline support drawn off Oct 3 low, despite

being probed briefly, remains intact. The focus for now is on a climb towards

the 63.96 retracement. Recent gains have defined key support at $59.20, Oct 31

low where a break is required to see bearish pressure return. Note though,

initial support is at $61.28, Nov 4 low.