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

OIL TECHS: NYMEX WTI: (X17) Bulls Focused On Channel Top 
*RES 4: $53.44 - Daily Bull channel top 
*RES 3: $52.69 - Bollinger band top 
*RES 2: $52.62 - Monthly High May 25 
*RES 1: $52.43 - High Sept 26
*PRICE: $52.09 @ 0250GMT
*SUP 1: $51.61 - Hourly support Sept 27 
*SUP 2: $51.43 - Hourly resistance Sept 25 now support, Low Sept 26 
*SUP 3: $50.99 - 200-DMA 
*SUP 4: $50.29 - Low Sept 22
*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 $52.43-53.44 and overall focus on $54.94. O/B studies and the
Bollinger band top are key concerns for bulls. In saying that, bears still look
for a close below $51.43 to ease bullish pressure and below the 200-DMA to shift
focus back to $50.07-29.

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