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BRENT TECHS: (Z19): Still Vulnerable
*RES 4: $70.32 - High Sep 16 and key resistance
*RES 3: $67.85 - High Sep 17
*RES 2: $64.48 - High Sep 19
*RES 1: $61.92 - High Sep 26 and initial key resistance
*PRICE: $59.38 @ 06:50 BST Oct 2
*SUP 1: $58.41/11 - Low Oct 1 / Low Sep 12
*SUP 2: $57.38 - Low Sep 4
*SUP 3: $56.48 - Low Sep 3
*SUP 4: $55.31 - Low Aug 7 and key support
Brent remains bearish following this weeks sell-off that has marked an extension
of the decline in place since finding resistance at $70.32 on Sep 16. The break
of trendline support drawn off the Sep 3 low reinforces the current bearish
outlook with the focus on a move down to support at $58.11 next, Sep 12 low. A
break would open $56.48, Sep 3 low. Resistance is at $61.92, Sep 26 high. A
return above this level is required to ease the bearish pressure.