NYMEX WTI: (X17) Bears Focused On.........>

OIL TECHS: NYMEX WTI: (X17) Bears Focused On 100-DMA & Channel Base 

*RES 4: $50.53 - Hourly support Oct 6a now resistance 

*RES 3: $50.48 - 21-DMA 

*RES 2: $50.16 - Hourly support Oct 6 now resistance 

*RES 1: $49.76 - Low Oct 4 now resistance

*PRICE: $49.42 @ 0245GMT

*SUP 1: $49.10 - Low Oct 6 

*SUP 2: $48.96 - High Sept 12 now support 

*SUP 3: $48.31 - 100-DMA 

*SUP 4: $47.88 - Daily Bull channel base

*COMMENTARY: Despite pressure returning to $51.22-77 bulls failed to trouble

this region with the sell-off seeing immediate focus on $47.39-49.10 this week.

Overall bears need a close below $47.39 to confirm initial focus on $45.52-46.14

with below $45.52 to shift focus to $42.80 June lows. Layers of resistance are

weighing with bulls now needing a close above $49.76 to gain breathing room and

above $50.53 to pressure $51.22-77 once more.