NYMEX WTI: (V17) Below $45.21 Targets.....>

OIL TECHS: NYMEX WTI: (V17) Below $45.21 Targets June Low 

*RES 4: $47.20 - Hourly resistance Aug 28 

*RES 3: $46.96 - High Aug 2 

*RES 2: $46.72 - High Aug 30 

*RES 1: $46.18 - Hourly resistance Aug 30

*PRICE: $45.92 @ 0430GMT

*SUP 1: $45.62 - Bollinger band base 

*SUP 2: $45.58 - Low July 24 

*SUP 3: $45.21 - High July 10 now support 

*SUP 4: $44.01 - Low July 10

*COMMENTARY: Failure to trouble the $48.91-49.31 resistance region has resulted

in a sell-off and closes below the 55-DMA ($46.92) with immediate focus back on

$45.21-58. Bears need a close below $45.21 to shift focus to $42.52 June lows.

Layers of resistance are accumulating with bulls now needing a close above

$46.18 to gain breathing and above $47.20 to return focus to layers of

resistance $47.98-49.31.