BRENT TECHS: (Z19): Marginally Bullish Outlook.......>

BRENT TECHS: (Z19): Marginally Bullish Outlook

*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: $58.68 @ 06:30 BST Oct 8

*SUP 1: $56.15 - Low Oct 3

*SUP 2: $55.31 - Low Aug 7

*SUP 3: $55.00 - Round number support

*SUP 4: $54.33 - 1.236 projection of Sep 16 - Sep 18 decline from Sep 19 high

BRENT failed to hold onto yesterday's gains. The near-term outlook though

remains marginally bullish following last weeks bounce off $56.15, Oct 3 low.

Yesterday did see resistance at $59.50, Oct 2 high probed however to confirm a

break of this level, a clear move above yesterday's $59.68 high is required.

This would cement a S/T bullish theme. On the downside, a break of $56.15 would

instead confirm a resumption of the downtrend and open $55.31.