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NYMEX WTI: (X17) $51.22-77 Resistance.....>

OIL TECHS: NYMEX WTI: (X17) $51.22-77 Resistance Region Key 
*RES 4: $51.22 - Low Sept 25 now resistance 
*RES 3: $50.79 - Hourly resistance Oct 2 
*RES 2: $50.67 - High Oct 4 
*RES 1: $50.23 - Hourly resistance Oct 4
*PRICE: $49.92 @ 0250GMT
*SUP 1: $49.76 - Low Oct 4 
*SUP 2: $49.57 - Low Sept 14 
*SUP 3: $49.33 - Hourly support Sept 13 
*SUP 4: $49.18 - 55-DMA
*COMMENTARY: The bearish key day reversal Thursday provided the catalyst for a
sell-off and close below the 200-DMA ($50.85) that sees focus on layers of
support $48.32-49.57. Bears look for a close below $49.57 to initially pressure
the 55-DMA. Correcting studies add weight to the bearish case. Layers of
resistance are accumulating with bulls needing a close above $51.22 to gain
breathing room and above $51.77 to return focus to $52.86-53.77.

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