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

OIL TECHS: ICE BRENT: (G18) Bears Now Need Close Below $62.57

*RES 4: $65.76 - 200-WMA 

*RES 3: $64.65- Bollinger band top 

*RES 2: $64.41 - High Nov 8 

*RES 1: $63.58 - High Nov 27

*PRICE: $62.88 @ 0430GMT

*SUP 1: $62.60 - 21-DMA 

*SUP 2: $62.57 - Low Nov 23 

*SUP 3: $62.26 - Hourly support Nov 21 

*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 ($65.77).

Layers of support remain. Bears now need a close below $62.57 to confirm a break

of the 21-DMA, easing bullish pressure and below $61.00 to pressure the bull

channel base ($60.25). Bulls need a close above $63.58 to ease pressure on the

21-DMA and retain initial focus on $64.41.