NYMEX WTI: (X17) Pressure Back On.........>

OIL TECHS: NYMEX WTI: (X17) Pressure Back On $51.22-77 

*RES 4: $52.86 - High Sept 28 

*RES 3: $52.27 - Alternating hourly support/resistance 

*RES 2: $51.77 - High Sept 29 

*RES 1: $51.22 - Low Sept 25 now resistance

*PRICE: $51.05 @ 0430GMT

*SUP 1: $50.73 - 200-DMA 

*SUP 2: $50.44 - Hourly support Oct 10 

*SUP 3: $50.06 - Hourly support Oct 10a 

*SUP 4: $49.42 - 55-DMA

*COMMENTARY: Volatile trading has seen the pair recover from dips below the

55-DMA to return pressure once again to $51.22-77. Bulls continue to look for a

close above $51.77 to return immediate focus to $52.86 and overall focus to the

bull channel top ($54.03). The 200-DMA is now initial support. Bears look for a

close below to gain breathing room and below $50.44 to shift focus back to

$48.96-49.42 where the 55-DMA is noted.