(K20) Bearish Threat Returns *RES 4:......>

WTI TECHS: (K20) Bearish Threat Returns

*RES 4: $30.61 - High Mar 17

*RES 3: $29.13 - High Apr 3 and bull trigger

*RES 2: $28.36 - High Apr 9

*RES 1: $24.74 - High Apr 13

*PRICE: $20.49 @ 06:50 BST Apr 15

*SUP 1: $19.90 - Low Apr 1

*SUP 2: $19.27 Low Mar 30 and bear trigger

*SUP 3: $18.12 2.50 projection of Jan 8 - Feb 4 sell-off from Feb 20 high

*SUP 4: $16.39 2.618 projection of Jan 8 - Feb 4 sell-off from Feb 20 high

WTI futures remain volatile and the bearish threat is once again beginning to

dominate. Recent gains to a high of $29.13 on Apr 3 have failed to deliver any

follow through and this is beginning to weigh on the contract. The focus shifts

back to key support and the bear trigger at $19.27, Mar 30 low where a break

would confirm a resumption of this year's downtrend and open $18.12, a Fibonacci

projection. Key resistance remains $29.13.