NYMEX WTI: (Z17) $51.28 Support Now Key...>

OIL TECHS: NYMEX WTI: (Z17) $51.28 Support Now Key 

*RES 4: $52.99 - Bollinger band top 

*RES 3: $52.65 - High Oct 16 

*RES 2: $52.39 - Hourly resistance Oct 19 

*RES 1: $51.92 - Low Oct 18 now resistance

*PRICE: $51.54 @ 0430GMT

*SUP 1: $51.42 - 21-DMA 

*SUP 2: $51.28 - Low Oct 19 

*SUP 3: $50.71 - 200-DMA 

*SUP 4: $50.48 - Low Oct 12

*COMMENTARY: Topside hesitation ahead of the $52.65-53.11 region is less than

ideal for bulls who need a close above to shift focus to $53.73-55.03 where the

bull channel top ($54.77) is located. The $51.28 support is now key with bears

needing a close below to confirm a break of the 21-DMA and shift immediate focus

back to $49.44-50.13 where the 55-DMA is noted ($49.96). A close below the

200-DMA would add weight to the bearish case.