BRENT TECHS: (Z19): Upside Focus *RES 4: $64.91 -....>

BRENT TECHS: (Z19): Upside Focus

*RES 4: $64.91 - 61.8% retracement of Sep 16 - Oct 3 decline

*RES 3: $64.48 - High Sep 19

*RES 2: $63.24 - 50.0% retracement of Sep 16 - Oct 3 decline

*RES 1: $62.16 - Intraday high

*PRICE: $61.88 @ 06:19 BST Oct 28

*SUP 1: $58.85 - Low Oct 23

*SUP 2: $58.00 - Low Oct 15 and key intraday support

*SUP 3: $57.38 - Low Oct 8

*SUP 4: $56.15 - Low Oct 3 and primary bear trigger

BRENT was firmer again Friday as futures extend the rally that started Oct 3,

Last week saw prices trade above former resistance at $60.73, Oct 14 high. The

breach reinforces the bullish theme and paves the way for further gains. Note

too, the 38.2% retracement of Sep 16 - Oct 3 decline at $61.56 has also been

breached. The focus is on the 50% level at $63.24 next. Firm support has been

established at $58.00. Initial support though is at $58.85, Oct 23 low.