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NYMEX WTI: (Z17) Bulls Need Close Above...>

OIL TECHS: NYMEX WTI: (Z17) Bulls Need Close Above $53.11 
*RES 4: $53.11 - Monthly High Sept 28 
*RES 3: $53.00 - Bollinger band top 
*RES 2: $52.65 - High Oct 16 
*RES 1: $52.41 - Hourly resistance Oct 25
*PRICE: $52.11 @ 0430GMT
*SUP 1: $51.89 - Low Oct 25 
*SUP 2: $51.55 - Low Oct 24 
*SUP 3: $51.45 - 21-DMA 
*SUP 4: $50.87 - Low Oct 20
*COMMENTARY: Topside hesitation ahead of $52.65-53.11 remains a concern with
bulls needing a close above to shift focus to $53.73-55.05 where the bull
channel top ($55.05) is located. The 21-DMA remains key support today with bears
needing a close below to ease immediate bullish pressure and shift focus to
$50.13-87 where the 55 ($50.13) & 200 ($50.63) DMAs are noted. Daily studies are
looking to correct from modestly O/B adding weight to the bearish case.

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