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OIL TECHS
OIL TECHS: ICE BRENT: (F18) Pressuring Bull Channel Top
*RES 4: $62.39 - Daily Bull channel top B 
*RES 3: $61.67 - Low June 5 2015 now support 
*RES 2: $60.82 - Daily Bull channel top A 
*RES 1: $60.70 - 2017 High Oct 31
*PRICE: $60.51 @ 0330GMT
*SUP 1: $59.82 - Hourly resistance Oct 27 now support 
*SUP 2: $59.29 - High Oct 26 now support 
*SUP 3: $58.50 - High Oct 25 now support 
*SUP 4: $57.68 - Low Oct 25
*COMMENTARY: Bulls reconfirmed dominance with a close above $58.50 that now sees
focus on daily bull channel tops $60.82-62.39. Daily studies approaching O/B and
the Bollinger top ($60.51) remain key concerns for bulls with potential to limit
follow through. In saying that, bears now need a close below $59.29 to confirm
an easing of bullish pressure and below $58.50 to shift focus back to the 21-DMA
($57.45).

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