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BRENT TECHS: (Z19): Uptrend Intact *RES 4: $64.91....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (Z19): Uptrend Intact
*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: $62.34 - High Oct 28
*PRICE: $61.26 @ 06:40 BST Oct 29
*SUP 1: $60.64 - Low Oct 24 and key intraday support
*SUP 2: $58.85 - Low Oct 23
*SUP 3: $58.00 - Low Oct 15
*SUP 4: $57.38 - Low Oct 8
BRENT gains stalled yesterday at $62.34 however for now, the move lower is being
viewed as a correction. Intraday support lies at $60.64, Oct 24 low which if
breached would further undermine the recent recovery. Until then, the focus is
on the 50% retracement of Sep 16 - Oct 3 decline at $63.24. The trigger for
gains is $62.34. Momentum studies remain firm for now, reinforcing the bullish
theme.

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