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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.

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