ICE BRENT: (G18) $61.00 Support Remains...>

OIL TECHS: ICE BRENT: (G18) $61.00 Support Remains Key

*RES 4: $65.04 - Bollinger band top 

*RES 3: $64.41 - High Nov 8 

*RES 2: $63.08 - High Nov 14 

*RES 1: $62.73 - High Nov 17

*PRICE: $62.15 @ 0430GMT

*SUP 1: $61.71 - Hourly support Nov 20 

*SUP 2: $61.46 - 21-DMA 

*SUP 3: $61.00 - Low Nov 17 

*SUP 4: $59.67 - Low Oct 30

*COMMENTARY: Bulls take comfort in the correction from $64.41 finding support

around the 21-DMA. Bears look for a close below $61.00 to confirm a break of the

21-DMA, ending bullish hopes and shifting initial focus to $58.99-59.67. Daily

studies have corrected back to more neutral levels. Bulls continue to look for a

close above $63.08 to reconfirm initial focus on $64.41 and overall focus on the

200-WMA ($65.90).