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NYMEX WTI: (X17) Bearish Key Day..........>

OIL TECHS: NYMEX WTI: (X17) Bearish Key Day Reversal 
*RES 4: $53.50 - Daily Bull channel top 
*RES 3: $52.86 - High Sept 28 
*RES 2: $52.71 - Bollinger band top 
*RES 1: $52.27 - Alternating hourly support/resistance
*PRICE: $51.60 @ 0430GMT
*SUP 1: $51.22 - Low Sept 25 
*SUP 2: $50.95 - 200-DMA 
*SUP 3: $50.29 - Low Sept 22 
*SUP 4: $50.07 - Low Sept 21
*COMMENTARY: The bearish key day reversal Thursday provides bears hope but a
close below the 200-DMA remains need to shift focus back to $50.07-29 where the
21-DMA ($50.08) is located. Correcting O/B studies add weight to the bearish
case. Layers of resistance are accumulating and weighing with bulls needing a
close above $52.27 to gain breathing room and above $52.86 to retain focus on
the bull channel top.

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