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NYMEX WTI: (U17) Resistance Layers........>

OIL TECHS
OIL TECHS: NYMEX WTI: (U17) Resistance Layers Building 
*RES 4: $50.10 - Alternating hourly support/resistance 
*RES 3: $49.70 - Hourly resistance July 1a 
*RES 2: $49.26 - Hourly resistance July 1 
*RES 1: $48.92 - Hourly resistance July 2
*PRICE: $48.68 @ 0255GMT
*SUP 1: $48.25 - Low July 27 
*SUP 2: $47.86 - Low July 26 
*SUP 3: $47.43 - Hourly resistance July 25 now support 
*SUP 4: $47.08 - 55-DMA, 21-DMA
*COMMENTARY: O/B studies appear to have impacted with the sell-off and bearish
close easing bullish pressure and shifting focus back to $47.08-86 where 21 &
55-DMAs are situated. Layers of resistance accumulating is weighing on U17 with
bulls now needing a close above $49.26 to gain breathing room and above $50.10
to shift focus back to layers of resistance $50.78-51.26 where the bear channel
top and 200-DMA ($51.26) are located.

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