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ICE BRENT: (G18) Below $61.92 To Ease.....>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) Below $61.92 To Ease Bullish Pressure
*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: $62.80 @ 0340GMT
*SUP 1: $62.26 - Hourly support Nov 21 
*SUP 2: $61.94 - 21-DMA 
*SUP 3: $61.92 - Low Nov 21 
*SUP 4: $61.00 - Low Nov 17
*COMMENTARY: Bulls take comfort in the correction from $64.41 finding support
around the 21-DMA. Bears look for a close below $61.92 to ease bullish pressure
and below $61.00 to confirm a break of the 21-DMA, ending bullish hopes and
shifting initial focus to $58.99-59.67. Bulls now look for a close above $63.09
to reconfirm initial focus on $64.41 and overall focus on the 200-WMA ($65.91).

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