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ICE BRENT: (F18) Close Above $58.44.......>

OIL TECHS
OIL TECHS: ICE BRENT: (F18) Close Above $58.44 Targets Bull Channel Top
*RES 4: $60.44 - Daily Bull channel top 
*RES 3: $59.05 - High Dec 29 2016 
*RES 2: $58.50 - Bollinger band top 
*RES 1: $58.44 - Monthly High Sept 26
*PRICE: $58.21 @ 0430GMT
*SUP 1: $57.89 - Hourly support Oct 24 
*SUP 2: $56.94 - Low Oct 24 
*SUP 3: $56.81 - 21-DMA 
*SUP 4: $56.37 - Low Oct 20
*COMMENTARY: Bulls continue to take comfort in bounces ahead of the 21-DMA and
bull channel base ($57.11) off Aug 31 lows that retains focus on $58.44. Bulls
need a close above $58.44 to hint at a move to the LT bull channel top off June
lows ($60.35) with above $59.05 to add support. Bears need a close below $56.37
to shift focus to $54.40-85 where the 55-DMA and LT channel base are noted.
Correcting O/B studies and the Bollinger top remain concerns.

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