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NYMEX WTI: (U17) Flirting With 100-DMA ...>

OIL TECHS
OIL TECHS: NYMEX WTI: (U17) Flirting With 100-DMA 
*RES 4: $51.02 - High May 30 
*RES 3: $50.70 - Alternating hourly support/resistance 
*RES 2: $49.55 - Daily Bull channel top 
*RES 1: $48.87 - High July 26
*PRICE: $48.68 @ 0430GMT
*SUP 1: $48.44 - Hourly support July 25 
*SUP 2: $47.86 - Low July 26 
*SUP 3: $47.43 - Hourly resistance July 25 now support A 
*SUP 4: $47.06 - 55-DMA
*COMMENTARY: The recovery from a dip below the 21-DMA ($46.50) to start the new
week now sees the contract flirting with the 100-DMA ($48.64). Bulls look for a
close above $48.87 to initially target the daily bull channel top with overall
focus on layers of resistance $50.70-51.32 where the 200-DMA and daily bear
channel top are located. bears now need a close below $47.86 to shift focus back
to the 55-DMA.

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