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ICE BRENT: (G18) Bears Need Close Below...>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) Bears Need Close Below $61.00
*RES 4: $65.27 - 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: $62.39 @ 0330GMT
*SUP 1: $62.16 - Hourly resistance Nov 17 now support 
*SUP 2: $61.21 - 21-DMA 
*SUP 3: $61.00 - Low Nov 17 
*SUP 4: $59.67 - Low Oct 30
*COMMENTARY: Bears take comfort in the correction from $64.41 finding support
around the 21-DMA. Bears now 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).

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