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ICE BRENT: (Z17) $56.44 Support Now Key...>

OIL TECHS: ICE BRENT: (Z17) $56.44 Support Now Key
*RES 4: $58.34 - High Sept 27 
*RES 3: $57.74 - Hourly support Sept 28 now resistance 
*RES 2: $57.43 - High Sept 29 
*RES 1: $56.93 - Hourly resistance Sept 29
*PRICE: $56.54 @ 0330GMT
*SUP 1: $56.44 - Low Sept 29 
*SUP 2: $55.89 - Low Sept 22 
*SUP 3: $55.46 - Low Sept 21 
*SUP 4: $55.43 - 21-DMA
*COMMENTARY: Price action Tuesday was a concern for bulls given O/B daily
studies and the Bollinger top ($58.61) limiting follow through and the daily
bull channel top capping. Focus has returned to $56.44 support with a close
below needed to shift initial focus back to $55.43-46. Correcting O/B studies
add weight to the bearish case. Bulls need a close above $57.74 to ease pressure
on supports and above $58.34 to reconfirm a bullish bias and target 2017 highs.

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