NYMEX HO: (V17) Topside Hesitation........>

OIL TECHS: NYMEX HO: (V17) Topside Hesitation Hints At Correction

*RES 4: $1.8138 - 2017 High Jan 3

*RES 3: $1.7983 - High Sept 8

*RES 2: $1.7959 - High Sept 14

*RES 1: $1.7810 - Hourly resistance Sept 15

*PRICE: $1.7736 @ 0430GMT

*SUP 1: $1.7678 - Hourly support Sept 14

*SUP 2: $1.7522 - Hourly resistance Sept 13 now support

*SUP 3: $1.7304 - Low Sept 13

*SUP 4: $1.7227 - Low Sept 11

*COMMENTARY: The recovery from $1.7227 is hesitating ahead of $1.7983 with

correcting O/B studies and daily momentum divergence adding weight to the case

for a correction initially back to $1.7227-1.7304. Bears look for a close below

$1.7227 to confirm focus on $1.6831-1.6974. Today bulls need a close above

$1.7810 to gain breathing room and above $1.7983 to reconfirm the bullish bias

and focus ton $1.8138-1.8261 where 2017 highs and channel to are noted.