NYMEX WTI: (Z17) Correction Risk..........>

OIL TECHS: NYMEX WTI: (Z17) Correction Risk Heightened 

*RES 4: $59.69 - High June 30 2015 

*RES 3: $57.94 - Low June 30 2015 now resistance 

*RES 2: $57.92 - 2017 High Nov 8 

*RES 1: $57.33 - High Nov 9

*PRICE: $57.03 @ 0235GMT

*SUP 1: $56.69 - Low Nov 9 

*SUP 2: $56.28 - Hourly resistance Nov 6 now support 

*SUP 3: $55.62 - Hourly support Nov 3 

*SUP 4: $55.22 - High Nov 1 now support

*COMMENTARY: A bearish key day reversal Wed combined with momentum divergence

and studies looking to correct from very O/B greatly increases the risk of a

correction. Bears continue to look for a close below $56.28 to confirm an easing

of bullish pressure and below $55.22 to hint at a move back to $53. 75-96 where

the 21-DMA is noted. Bulls need a close above $57.94 to reconfirm a bullish bias

targeting the 200-WMA ($60.75).