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 @ 0430GMT

*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.