*Updated Tech Analysis: Extremely flat..........>

OIL: *Updated Tech Analysis: Extremely flat session for oil in the Asia-Pac

session ahead of DOE outlook data out on the coming overnight session, oil took

a slight bid in Asia as reports came down that part of the Valero Port, meant to

be opening on Thursday will be kept shut for at least a few more days. Crude oil

is currently up $0.14 at $51.06. 

- The overnight session was a lot more eventful as markets learned 58% of the

U.S. Gulf of Mexico's crude oil production is still offline which equates to

1.024mln barrels per day and roughly half of the Gulf's gas production remains

offline too, Hurricane Harvey was the main cause for the closures but since we

have seen more and more storms disrupting production on the coast in a highly

active season. 

- MNI tech analysis sees support at $49.10 - Low Oct 6 and resistance at $49.79

- High Oct 9. Despite pressure returning to $51.22-77 last week bulls failed to

trouble this region with the sell-off seeing immediate focus on $47.39-49.10

this week. Overall bears need a close below $47.39 to confirm initial focus on

$45.52-46.14 with below $45.52 to target $42.80 June lows.