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

OIL TECHS: ICE BRENT: (Z17) Bears Need Close Below $57.22

*RES 4: $59.62 - Daily Bull channel top 

*RES 3: $59.20 - High Jan 6 

*RES 2: $58.88 - High Sept 26 

*RES 1: $57.99 - Hourly resistance Sept 27

*PRICE: $57.32 @ 0430GMT

*SUP 1: $57.22 - Low Sept 26 

*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 ($58.50) limiting follow through and the daily

bull channel top capping. Pressure has now returned to the $57.22 support with

bears needing a close below to shift initial focus back to $55.89. Layers of

resistance are beginning to weigh with bulls needing a close above $58.34 to

return pressure to the bull channel top.