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ICE BRENT: (Z17) $57.09 Support Remains...>

OIL TECHS
OIL TECHS: ICE BRENT: (Z17) $57.09 Support Remains Key
*RES 4: $59.20 - High Jan 6 
*RES 3: $58.88 - High Sept 26 
*RES 2: $58.47 - High Oct 16 
*RES 1: $58.18 - Hourly support Oct 16 now resistance
*PRICE: $57.81 @ 0430GMT
*SUP 1: $57.70 - Hourly support Oct 16 
*SUP 2: $57.31 - Hourly breakout level Oct 13 
*SUP 3: $57.09 - High Oct 11 now support 
*SUP 4: $56.63 - Hourly support Oct 13
*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 ($60.18). 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 $58.88 shift focus to
layers of support $54.13-55.06.

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