BRENT TECHS: (Z19): Recovery Extends *RES 4:.........>

BRENT TECHS: (Z19): Recovery Extends

*RES 4: $64.48 - High Sep 19

*RES 3: $63.24 - 50.0% retracement of Sep 16 - Oct 3 decline

*RES 2: $61.92 - High Sep 26 and key resistance

*RES 1: $61.56 - 38.2% retracement of Sep 16 - Oct 3 decline

*PRICE: $59.39 @ 09:29 BST Oct 11

*SUP 1: $59.21 - Intraday low

*SUP 2: $57.38 - Low Oct 8

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

*SUP 4: $55.31 - Low Aug 7

BRENT is firmer this morning. The move higher confirms an extension of the

current uptrend and has resulted in prices trading through resistance at $59.68.

The short-term recovery is now firmly entrenched as a result and the focus is on

a continued push higher. Momentum studies are bullish too, reinforcing the

current upward cycle. Attention turns to the 61.8% retracement at $1.6628 with

today's intraday low of $1.6155 marking first support.