NYMEX WTI: (U17) Focus Shifts To..........>

OIL TECHS: NYMEX WTI: (U17) Focus Shifts To $50.70-51.33 

*RES 4: $51.02 - High May 30 

*RES 3: $50.70 - Alternating hourly support/resistance 

*RES 2: $49.67 - Daily Bull channel top 

*RES 1: $49.23 - High July 27

*PRICE: $48.98 @ 0230GMT

*SUP 1: $48.25 - Low July 27 

*SUP 2: $47.86 - Low July 26 

*SUP 3: $47.43 - Hourly resistance July 25 now support A 

*SUP 4: $47.08 - 55-DMA

*COMMENTARY: The recovery from a dip below the 21-DMA ($46.71) to start the new

week now sees the contract gaining traction above the 100-DMA ($48.63) and focus

now on $50.71-51.33. The daily bear channel top and 200-DMA are noted in this

region. The $47.43-48.25 support region is key. Bears need a close below to

shift focus back to 21 & 55-DMAs $46.71-47.08. Below the 21-DMA is needed to

pressure $45.16-45.52 where the bull channel base is found.