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ICE BRENT: (F18) $58.50 Now Key Support...>

OIL TECHS: ICE BRENT: (F18) $58.50 Now Key Support
*RES 4: $62.07 - Daily Bull channel top B 
*RES 3: $60.63 - Daily Bull channel top A 
*RES 2: $59.42 - Weekly Bollinger band top 
*RES 1: $59.29 - High Oct 26
*PRICE: $59.11 @ 0430GMT
*SUP 1: $58.50 - High Oct 25 now support 
*SUP 2: $57.68 - Low Oct 25 
*SUP 3: $56.99 - 21-DMA 
*SUP 4: $56.94 - Low Oct 24
*COMMENTARY: Bulls reconfirmed dominance with a close above $58.50 that now sees
focus on daily bull channel tops $60.63-62.07. Daily studies approaching O/B and
the Bollinger top ($59.14) are key concerns for bulls with potential to limit
follow through. In saying that, initial support is noted at $58.50 with bears
needing a close below to ease bullish pressure and hint at a correction back to
the 21-DMA.

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