NYMEX WTI: (Z17) $52.86-53.63 Support.....>

OIL TECHS: NYMEX WTI: (Z17) $52.86-53.63 Support Region Key 

*RES 4: $55.27 - Daily Bull channel top 

*RES 3: $55.02 - Monthly Apr 12 

*RES 2: $54.46 - High Oct 30 

*RES 1: $54.23 - Hourly resistance Oct 30

*PRICE: $54.05 @ 0159GMT

*SUP 1: $53.63 - Hourly support Oct 27 

*SUP 2: $53.14 - Hourly support Oct 27a 

*SUP 3: $52.86 - High Oct 26 now support 

*SUP 4: $52.25 - Low Oct 27

*COMMENTARY: Pressure returning to the $53.11 resistance last week provided

bulls hope and resulted in a break and aggressive rally that reconfirms the

bullish bias with focus on $55.02-27 where the daily bull channel top and Apr

highs are noted. Layers of support are following the contract higher with bears

still needing a close below $53.63 to ease immediate bullish pressure and below

$52.86 to shift focus back to the 21-DMA ($51.83).