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(M20) Fresh 2020 Lows Printed *RES 4:.....>
WTI TECHS: (M20) Fresh 2020 Lows Printed
*RES 4: $29.95 - High Apr 14
*RES 3: $27.70 - 20-day EMA
*RES 2: $27.00 - Low Apr 30 and former breakout level
*RES 1: $24.92 - High Apr 16
*PRICE: $21.34 @ 06:56 BST Apr 21
*SUP 1: $20.19 - Low Apr 20
*SUP 2: $20.00 - Psychological support
*SUP 3: $19.34 - 1.00 projection of Jan 8 - Feb 4 decline from Apr 9 high
*SUP 4: $16.08 - 1.236 projection of Jan 8 - Feb 4 decline from Apr 9 high
WTI futures suffered sharp losses yesterday. Futures traded through the Mar 18
low and the recent low for the year, at $21.64. The clear break of this level
confirms a resumption of the primary downtrend and leaves the psychological
$20.00 level exposed. Trend readings and MA studies point south, reinforcing
current bearish conditions. Initial resistance is $24.92. Heavy!
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