BRENT TECHS: (Z19): Bullish Outlook Remains Intact...>

BRENT TECHS: (Z19): Bullish Outlook Remains Intact

*RES 4: $64.48 - High Sep 19

*RES 3: $61.92 - High Sep 26 and key resistance

*RES 2: $60.10 - High Oct 1

*RES 1: $59.68 - High Oct 7

*PRICE: $59.39 @ 06:00 BST Oct 11

*SUP 1: $57.38 - Low Oct 8

*SUP 2: $56.15 - Low Oct 3 and key support

*SUP 3: $55.31 - Low Aug 7

*SUP 4: $55.00 - Round number support

BRENT traded higher yesterday. The near-term outlook remains marginally bullish

following the bounce off the low on Oct 3 of $56.15. This week has seen

resistance at $59.50, Oct 2 high probed. However to confirm a clear break, a

move above Monday's $59.68 high is needed. This would cement a short-term

bullish theme and open $61.92. Support has been defined at $57.38, a break would

again expose the primary support at $56.15, Oct 3 low.