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ICE BRENT: (G18) Topside Failure..........>

OIL TECHS
OIL TECHS: ICE BRENT: (G18) Topside Failure Weighs, $64.41 Key Today
*RES 4: $65.61 - 200-WMA 
*RES 3: $64.41 - High Nov 8 
*RES 2: $64.33 - Bollinger band top 
*RES 1: $63.98 - Hourly resistance Dec 1
*PRICE: $63.34 @ 0330GMT
*SUP 1: $62.56 - Hourly support Nov 30 
*SUP 2: $61.92 - Low Nov 21 
*SUP 3: $61.00 - Low Nov 17 
*SUP 4: $60.69 - Daily Bull channel base
*COMMENTARY: The lack of follow through on the break of $63.58 with the contract
rejected ahead of $64.41 leaves it looking a little heavy. Bollinger bands
continue to narrow and point to a breakout. Bulls continue to look for a close
above $64.41 to reconfirm a bullish bias targeting $65.61-67.12 where the 55-DMA
and bull channel top are located. Bears need a close below $61.92 to confirm
traction below the 21-DMA and shift immediate focus to $61.00.

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