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ICE BRENT: (Z17) Bears Need Close Below...>

OIL TECHS
OIL TECHS: ICE BRENT: (Z17) Bears Need Close Below $56.46
*RES 4: $57.40 - Monthly High Apr 12 
*RES 3: $56.97 - Bollinger band top 
*RES 2: $56.91 - Daily Bull channel top 
*RES 1: $56.17 - Hourly resistance Sept 22
*PRICE: $56.00 @ 0430GMT
*SUP 1: $55.46 - Low Sept 21 
*SUP 2: $55.28 - Alternating hourly support/resistance 
*SUP 3: $55.02 - Low Sept 20 
*SUP 4: $54.61 - Low Sept 15
*COMMENTARY: Bulls reconfirmed dominance with fresh 4mth highs continuing and
focus on the daily bull channel top. O/B daily studies looking to correct remain
the key concern for bulls. Initial support is now noted at $55.46 with bears
needing a close below to ease bullish pressure and below $55.02 to hint at a
correction back to $53.83-54.20 where the 21-DMA is noted. Bulls remain focused
on the channel top while $55.46 supports.

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