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

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

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

*RES 3: $51.03 - 200-DMA 

*RES 2: $50.93 - Hourly resistance Sept 20a 

*RES 1: $50.81 - High Sept 22

*PRICE: $50.58 @ 0250GMT

*SUP 1: $50.35 - Hourly support Sept 21 

*SUP 2: $50.07 - Low Sept 21 

*SUP 3: $49.57 - Low Sept 14 

*SUP 4: $49.33 - Hourly support Sept 13

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

the 200-DMA and $51.03-51.45 region as daily studies linger at O/B levels. Bears

now look for a close below $50.07 to ease pressure on the 200-DMA and below

$49.57 to shift focus back to key DMAs $48.06-48.98. Bulls still need a close

above $51.45 to confirm a break of the 200-DMA and to focus on $52.62 May highs.