During the overnight session crude oil..........>

OIL: During the overnight session crude oil fluctuated to hit its highest levels

since May after inventories were reported down 1.85mln barrels which came as a

surprise to the markets, there seems to be a lag from hurricane Harvey

devastation. Crude oil caught a slide bid at the start of the Asia-Pac session

but has remained relatively flat in Asia hovering at levels seen in the

overnight session down just $0.18 to $51.96, crude oil saw a mild sell off when

Pres. Trump has outlined plans for the latest tax reform, stipulating the plan

includes lower taxes for the middle class

- Brent saw 10-Month highs during the overnight session peaking at nearly $60 a

barrel, now down $0.19 at $57.71.

- MNI technical analysis sees support at $57.22 - Low Sept 26 and resistance at

$57.99 - Hourly resistance Sept 27 as 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.