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(M20) Heavy As The Market Remains Below...>

WTI TECHS
WTI TECHS: (M20) Heavy As The Market Remains Below $20.00
*RES 4: $22.58 - High Apr 21
*RES 3: $20.00 - Psychological round number
*RES 2: $17.71 - Intraday hourly reaction high on Apr 21
*RES 1: $14.19 - Intraday high
*PRICE: $11.07 @ 06:40 BST Apr 22
*SUP 1: $10.26 - Intraday low
*SUP 2: $10.00 - Psychological round number
*SUP 3: $6.50 - Low Apr 21
*SUP 4: $5.53 - 2.000 wave projection of Jan 8 - Feb 4 decline from Apr 9 high
WTI futures remain volatile and bearish having suffered sharp losses once again
yesterday, trading down to a low of $6.50. From a technical perspective, trend
readings remains clearly bearish and the direction of least resistance is still
south. The focus is on a re-test of the psychological $10.00 level ahead of
yesterday's low. In terms of trying to identify resistance, $20.00 is seen as
the key level. Today's intraday high of $14.19 marks initial resistance.

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