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ICE BRENT: (G18) $63.02-$62.97 Provides...>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) $63.02-$62.97 Provides Support
*RES 4: $64.32 Dec 1 high
*RES 3: $64.02 1.618 swing of $63.64-$63.02
*RES 2: $63.64 Dec 8 high
*RES 1: $63.49 Hourly resistance
*PRICE: $63.14 @0430GMT                                    
*SUP 1: $62.97/02 Hourly support
*SUP 2: $62.77 Hourly base Dec 8
*SUP 3: $62.46 Hourly low Dec 8
*SUP 4: $62.26 Dec 7 high, now support
*COMMENTARY: Friday saw a $63.64 rise, just above the 76.4% Fibo retrace level
at $63.57, of the month's preceding 3 wave fall from $64.32-$61.13. This before
submitting to some near term overbought conditions. Now looking to $63.02-$62.97
to hold the fall, if a deeper pullback of those gains from $61.13 is to be
averted. Will need to see a move back above firstly $63.49 and then a sustained
rally through $63.64, before the chance of an additional $64.02 rise.

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