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(M20) Finds Some Support *RES 4: $16.98...>

WTI TECHS
WTI TECHS: (M20) Finds Some Support
*RES 4: $16.98 - High Apr 27
*RES 3: $16.33 - 76.4% retracement of the Mar 23 - 28 decline
*RES 2: $15.13 - 61.8% retracement of the Mar 23 - 28 decline
*RES 1: $14.40 - Intraday high
*PRICE: $13.73 @ 06:55 BST Apr 29
*SUP 1: $12.67 - Intraday low
*SUP 2: $10.07 - Low Apr 28
*SUP 3: $9.28 - 76.4% retracement of the Apr 21 - 23 rally
*SUP 4: $6.50 - Low Apr 21and key support
WTI bearish pressure has eased somewhat following the recovery off yesterday's
low of $10.07. If we are to see stronger intraday gains unfold, futures need to
clear $15.13, the 61.8% retracement of the recent sell-off between Mar 23 - 28.
A break would open $16.33, the 76.4% retracement. The broader trend remains down
though and a move below yesterday's low of $10.07 would resume bearish pressure
ahead of the 2020 low thus far at $6.50.

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