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(M20) Fresh 2020 Lows Printed *RES 4:.....>

WTI TECHS
WTI TECHS: (M20) Fresh 2020 Lows Printed
*RES 4: $27.70 - 20-day EMA
*RES 3: $27.00 - Low Apr 30 and former breakout level
*RES 2: $24.92 - High Apr 16
*RES 1: $$22.58 - Intraday high
*PRICE: $20.11 @ 09:26 BST Apr 21
*SUP 1: $20.00 - Psychological support
*SUP 2: $19.34 - 1.00 projection of Jan 8 - Feb 4 decline from Apr 9 high
*SUP 3: $16.08 - 1.236 projection of Jan 8 - Feb 4 decline from Apr 9 high
*SUP 4: $15.00 - Round number support
WTI futures suffered sharp losses yesterday and remain heavy. 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. This is the next objective. Trend
readings and MA studies continue to point south, reinforcing current bearish
conditions. Initial resistance is $22.58. Heavy!

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