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BRENT TECHS: (F20): Upside Focus
*RES 4: $63.96 - 61.8% retracement of Sep 16 - Oct 3 decline
*RES 3: $63.49 - High Sep 19
*RES 2: $62.36 - 50.0% retracement of Sep 16 - Oct 3 decline
*RES 1: $62.09 - High Oct 29
*PRICE: $60.95 @ 06:30 BST Oct 30
*SUP 1: $60.31 - Low Oct 30 and key intraday support
*SUP 2: $59.38 - Trendline support drawn off Oct 3 low
*SUP 3: $58.67 - Low Oct 23
*SUP 4: $57.97 - Low Oct 21
BRENT found support yesterday at $60.31 to reinforce the view that the recent
pullback has been a correction. $60.31 represents an important intraday support,
that if breached would suggest scope for a deeper setback. Until then, the focus
is on the 50% retracement of Sep 16 - Oct 3 decline at $62.36. The trigger for
gains is $62.09. Momentum studies remain firm for now, reinforcing the bullish