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ICE BRENT: (Z17) $56.47 Support Now Key...>

OIL TECHS
OIL TECHS: ICE BRENT: (Z17) $56.47 Support Now Key
*RES 4: $58.88 - High Sept 26 
*RES 3: $58.34 - High Sept 27 
*RES 2: $57.74 - Hourly support Sept 28 now resistance 
*RES 1: $57.33 - Hourly resistance Sept 29
*PRICE: $57.27 @ 0255GMT
*SUP 1: $56.56 - Low Sept 28 
*SUP 2: $56.47 - High Sept 22 now support 
*SUP 3: $55.89 - Low Sept 22 
*SUP 4: $55.46 - Low Sept 21
*COMMENTARY: Price action Tuesday was a concern for bulls given O/B daily
studies and the Bollinger top ($58.65) limiting follow through and the bull
channel top capping. Focus has now returned to the now key $56.46 support with a
close below needed to shift initial focus back to $55.46. 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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