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ICE BRENT: (Z17) $56.84-57.09 Support.....>

OIL TECHS
OIL TECHS: ICE BRENT: (Z17) $56.84-57.09 Support Key
*RES 4: $59.20 - High Jan 6 
*RES 3: $58.88 - High Sept 26 
*RES 2: $58.55 - Bollinger band top 
*RES 1: $58.47 - High Oct 16
*PRICE: $58.29 @ 0430GMT
*SUP 1: $58.05 - Hourly support Oct 17 
*SUP 2: $57.53 - Hourly breakout level Oct 13 
*SUP 3: $57.18 - Low Oct 17 
*SUP 4: $57.09 - High Oct 11 now support
*COMMENTARY: Having broken above $57.28 Friday bulls are gaining traction with
focus having shifted to $58.88 Sept highs. Bulls look for a close above Sept
highs to target the daily bull channel top ($60.28). Daily studies are well
placed for further gains. Layers of support remain and see bears still needing a
close below $57.09 to ease bullish pressure and below the 21-DMA ($56.84) shift
focus to layers of support $54.20-55.06.

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