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NYMEX WTI: (Z17) Bulls Targeting..........>

OIL TECHS
OIL TECHS: NYMEX WTI: (Z17) Bulls Targeting 200-WMA 
*RES 4: $59.69 - High June 30 2016 
*RES 3: $57.94 - Low June 30 2015 now resistance 
*RES 2: $56.60 - Monthly High Feb 2 
*RES 1: $56.31 - Daily Bull channel top (off Aug low)
*PRICE: $55.83 @ 0430GMT
*SUP 1: $55.62 - Hourly support Nov 3 
*SUP 2: $55.22 - High Nov 1 now support 
*SUP 3: $54.40 - Low Nov 3 
*SUP 4: $53.89 - Low Nov 1
*COMMENTARY: Hesitation ahead of the longer-term bull channel top came to an end
Friday with a rally that sees the contract pressuring the bull channel top off
Aug lows and focus now on $57.94-60.74 where the 200-WMA ($60.74) is situated.
O/B daily studies remain the key concern for bulls. Bears now need a close below
$55.22 to ease bullish pressure and hint at a correction back to $53.89.

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