NYMEX WTI: (X17) 200-DMA Capping For......>

OIL TECHS: NYMEX WTI: (X17) 200-DMA Capping For Now 

*RES 4: $51.45 - Low May 23 now resistance 

*RES 3: $51.05 - 200-DMA 

*RES 2: $50.93 - Hourly resistance Sept 20a 

*RES 1: $50.79 - Hourly resistance Sept 20

*PRICE: $50.69 @ 0304GMT

*SUP 1: $50.35 - Hourly support Sept 20 

*SUP 2: $50.13 - Low Sept 20 

*SUP 3: $49.57 - Low Sept 14 

*SUP 4: $49.33 - Hourly support Sept 13

*COMMENTARY: The recovery from Aug lows now sees the contract hesitating ahead

of the 200-DMA and $51.05-51.45 region as daily studies linger at O/B levels.

Bears now look for a close below $50.13 to ease pressure on the 200-DMA and

below $49.57 to shift focus back to key DMAs $48.06-48.96. Bulls still need a

close above $51.45 to confirm a break of the 200-DMA and to focus on $52.62 May

highs.