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NYMEX WTI: (Z17) Bears Need Close Below...>

OIL TECHS
OIL TECHS: NYMEX WTI: (Z17) Bears Need Close Below 21-DMA 
*RES 4: $53.11 - Monthly High Sept 28 
*RES 3: $53.05 - Bollinger band top 
*RES 2: $52.65 - High Oct 16 
*RES 1: $52.39 - Hourly resistance Oct 19
*PRICE: $52.26 @ 0430GMT
*SUP 1: $51.92 - Low Oct 18 
*SUP 2: $51.48 - Low Oct 17 
*SUP 3: $51.42 - 21-DMA 
*SUP 4: $50.75 - 200-DMA
*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 ($54.70) is located. The 21-DMA remains key support. Bears
continue to look for a close below the 21-DMA to ease bullish pressure and shift
immediate focus back to $49.44-50.13 where the 55-DMA is noted. A close below
the 200-DMA would add weight to the bearish case.

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