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(K20) Sharp Slide Once Again! *RES 4:.....>

WTI TECHS
WTI TECHS: (K20) Sharp Slide Once Again!
*RES 4: $23.08 - High Apr 14
*RES 3: $20.89 - High Apr 15
*RES 2: $19.27 - Low Apr 30 and former breakout level
*RES 1: $17.85 - Intraday high
*PRICE: $14.99 @ 07:02 BST Apr 20
*SUP 1: $14.24 - 2.764 projection of Jan 8 - Feb 4 sell-off from Feb 20 high
*SUP 2: $12.18 - Low Mar 1999 (cont)
*SUP 3: $11.26 - Low Feb 1999 (cont)
*SUP 4: $10.78 3.000 projection of Jan 8 - Feb 4 sell-off from Feb 20 high
WTI futures are under pressure once again today selling off sharply overnight
and again trading to fresh 2020 lows. A bearish theme has again resurfaced
following recent gains to a high of $29.13 on Apr 3 that failed to deliver any
follow through. This is weighing on the contract as is last week's break of
former support at $19.27, Mar 30 low. Attention is on $14.24 next and $10.78,
both Fibonacci projection levels. Initial resistance is at $17.85.

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