ICE BRENT: (Z17) $55.46-89 Support........>

OIL TECHS: ICE BRENT: (Z17) $55.46-89 Support Region Key

*RES 4: $57.40 - Monthly High Apr 12 

*RES 3: $57.30 - Bollinger band top 

*RES 2: $57.01 - Daily Bull channel top 

*RES 1: $56.47 - High Sept 22

*PRICE: $56.36 @ 0430GMT

*SUP 1: $55.89 - Low Sept 22 

*SUP 2: $55.46 - Low Sept 21 

*SUP 3: $55.28 - Alternating hourly support/resistance 

*SUP 4: $55.02 - Low Sept 20

*COMMENTARY: Bulls reconfirmed dominance with fresh 4mth highs continuing and

focus on the daily bull channel top. O/B daily studies looking to correct remain

the key concern for bulls. Initial support is now noted at $55.89 with bears

needing a close below to ease bullish pressure and below $55.46 to hint at a

correction back to $54.07-54.20 where the 21-DMA is noted. Bulls remain focused

on the channel top while $55.46 supports.