Free Trial

(M20) Positive Theme Holding *RES 4:......>

WTI TECHS
WTI TECHS: (M20) Positive Theme Holding
*RES 4: $20.89 - 1.382 projection of $6.50 - $14.19 reaction from $10.26 low
*RES 3: $20.00 - Psychological round number
*RES 2: $19.76 - 1.236 projection of $6.50 - $14.19 reaction from $10.26 low
*RES 1: $18.26 - High Apr 22
*PRICE: $17.22 @ 07:03 BST Apr 24
*SUP 1: $15.78 - Intraday hourly low during the US session, Apr 23
*SUP 2: $13.35 - Low Apr 23 and key support
*SUP 3: $10.26 - Low Apr 22
*SUP 4: $10.00 - Psychological round number
WTI short-term conditions remain somewhat positive for now following Wednesday's
recovery to a high of $16.18. Price traded higher again yesterday clearing
$16.18 and signalling scope for stronger intraday gains towards $19.76, a
Fibonacci projection and a retest of the psychological $20.00 level. On the
downside, a key support is seen at $13.35, yesterday's low. Ahead of this is
support at $15.78, an intraday hourly low. A break of $13.35 would be bearish.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.