NYMEX WTI: (X17) Capped Ahead Of..........>

OIL TECHS: NYMEX WTI: (X17) Capped Ahead Of 200-DMA 

*RES 4: $51.45 - Low May 23 now resistance 

*RES 3: $51.13 - 200-DMA 

*RES 2: $50.88 - High Sept 14 

*RES 1: $50.29 - Hourly support Sept 14 now resistance

*PRICE: $50.15 @ 0430GMT

*SUP 1: $49.84 - Highs Sept 9 & 13 now support 

*SUP 2: $49.33 - Hourly support Sept 13 

*SUP 3: $48.96 - High Sept 12 now support 

*SUP 4: $48.61 - Low Sept 13

*COMMENTARY: The recovery from Aug lows now sees the contract hesitating ahead

of the 200-DMA and $51.45 resistance and looking a little heavy. Bears now look

for a close below $49.84 to ease bullish pressure and below $48.96 to shift

immediate focus to key DMAs clustered $48.02-42. The $51.45 resistance remains

key. Bulls need a close above $51.45 to confirm a break of the 200-DMA and to

focus on $52.62 May highs.