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

OIL TECHS
OIL TECHS: ICE BRENT: (Z17) Bears Now Need Close Below $57.09
*RES 4: $60.09 - Daily Bull channel top 
*RES 3: $59.20 - High Jan 6 
*RES 2: $58.88 - High Sept 26 
*RES 1: $58.34 - High Sept 27, Bollinger band top
*PRICE: $57.84 @ 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 today
with focus having shifted to $58.34-58.88 where Sept highs are located. Bulls
look for a close above Sept highs to target the daily bull channel top ($60.09).
Daily studies are well placed for further gains. Layers of support accumulating
see bears needing a close below $57.09 to ease bullish pressure and below $58.88
shift focus to layers of support $54.02-55.06.

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