ICE BRENT: (Z17) Looking A Little Heavy...>

OIL TECHS: ICE BRENT: (Z17) Looking A Little Heavy

*RES 4: $57.74 - Hourly support Sept 28 now resistance 

*RES 3: $57.43 - High Sept 29 

*RES 2: $56.93 - Hourly resistance Sept 29 

*RES 1: $56.40 - High Oct 2

*PRICE: $55.62 @ 0330GMT

*SUP 1: $55.46 - Low Sept 21 

*SUP 2: $54.61 - Low Sept 15 

*SUP 3: $54.20 - High Sept 12 now support 

*SUP 4: $53.41 - 200-DMA

*COMMENTARY: A lack of topside follow through last week on the rally to $58.88

has resulted in a sell-off that now sees the contract flirting with the 21-DMA

($55.69). Bears need a close below $55.46 to shift immediate focus to $54.20-61

and overall focus to $52.66-53.41 where key DMAs and the bull channel base are

situated. Correcting O/B studies are weighing on the contract. Bulls need a

close above $56.93 to ease immediate bearish pressure.