BRENT TECHS: (F20): Uptrend Intact *RES 4: $66.58....>

BRENT TECHS: (F20): Uptrend Intact

*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: $63.49 - High Sep 19

*PRICE: $62.66 @ 06:13 GMT Nov 6

*SUP 1: $60.39 - 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 bullish conditions prevail following strong gains over the past three

trading sessions. Recent gains have defined key support at $59.20, Oct 31 low

where a break is required to see bearish pressure return. Last weeks bounce is

significant in that it means 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. Momentum conditions remain firm too.