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

OIL TECHS: NYMEX WTI: (X17) Bulls Focused On Channel Top 

*RES 4: $53.30 - Daily Bull channel top 

*RES 3: $52.62 - Monthly High May 25 

*RES 2: $52.50 - Bollinger band top 

*RES 1: $52.28 - High Sept 25

*PRICE: $52.21 @ 0250GMT

*SUP 1: $52.06 - Hourly support Sept 26 

*SUP 2: $51.61 - Hourly support Sept 25 

*SUP 3: $51.43 - Hourly resistance Sept 25 now support 

*SUP 4: $51.01 - 200-DMA

*COMMENTARY: Hesitation ahead of the 200-DMA and key resistance layers came to

an end Monday with an aggressive rally and bullish close that sees immediate

bullish focus on $52.62-53.30 and overall focus on $54.94. O/B studies and the

Bollinger band top are key concerns for bulls. In saying that, bears now look

for a close below $51.43 to ease bullish pressure and below the 200-DMA to shift

focus back to $50.07-39.