ICE BRENT: (G18) $61.00-92 Support........>

OIL TECHS: ICE BRENT: (G18) $61.00-92 Support Region Key

*RES 4: $65.91 - 200-WMA 

*RES 3: $64.78 - Bollinger band top 

*RES 2: $64.41 - High Nov 8 

*RES 1: $63.09 - High Nov 22

*PRICE: $63.07 @ 0340GMT

*SUP 1: $62.57 - Low Nov 23 

*SUP 2: $62.26 - Hourly support Nov 21 

*SUP 3: $62.17 - 21-DMA 

*SUP 4: $61.92 - Low Nov 21

*COMMENTARY: The recovery from dips back to the 21-DMA and $61.00 level sees

bulls currently focused on $64.41 and overall focus on the 200-WMA ($65.91) in a

week where bulls have dominated. Layers of support accumulating adds to bullish

confidence with bears needing a close below $61.92 to confirm a break of the

21-DMA and ease bullish pressure and below $61.00 to shift initial focus to

$58.99-59.91.