ICE BRENT: (Z17) $56.59-57.28.............>

OIL TECHS: ICE BRENT: (Z17) $56.59-57.28 Resistance Region Key

*RES 4: $57.28 - Hourly support Sept 28 now resistance 

*RES 3: $56.99 - High Sept 29 

*RES 2: $56.59 - Hourly support Oct 6 now resistance 

*RES 1: $56.10 - 21-DMA

*PRICE: $55.83 @ 0430GMT

*SUP 1: $55.55 - Hourly support Oct 9 

*SUP 2: $55.06 - Low Oct 9 

*SUP 3: $54.61 - Low Sept 15 

*SUP 4: $54.20 - High Sept 12 now support

*COMMENTARY: The recovery Thursday was reversed with a sell-off and bearish

close Friday that left the contract looking heavy and bears focused on

$54.20-61. A close below $54.20 is needed to confirm focus on $52.87-53.66 where

55 & 200-DMAs and the bull channel base are situated. Layers of resistance are

weighing with bulls needing a close above $56.59 to gain breathing room and

above $57.28 to shift focus back to $58.34-88.