(M20) Softer *RES 4: $20.00 -.............>

WTI TECHS: (M20) Softer

*RES 4: $20.00 - Psychological round number

*RES 3: $19.76 - 1.236 projection of $6.50 - $14.19 reaction from $10.26 low

*RES 2: $18.26 - High Apr 22 and key near-term resistance

*RES 1: $16.98 - Intraday high

*PRICE: $14.98 @ 07:04 BST Apr 27

*SUP 1: $14.45 - Intraday hourly low during the European session, Apr 23

*SUP 2: $13.35 - Low Apr 23 and key support

*SUP 3: $12.38 - 50.0% retracement of the Apr 21 - 23 rally

*SUP 4: $10.99 - 61.8% retracement of the Apr 21 - 23 rally

WTI is softer this morning having stalled at $18.26 on Apr 23. The move lower

has yet to display an accelerated tone however it does expose support at $13.35.

Clearance of this level would suggest a possible short-term reversal and expose

a deeper pullback towards $10.26, the Apr 22 low. Initial objective ahead of

$10.26 lie at $12.38 and $10.99, both Fibonacci retracement levels. On the

upside, a break above $18.26 is required to reinstate a near-term bullish theme.