Home Oil New York Price Forecast: WTI heading lower again, trades sub-$14.00 a barrel

Oil New York Price Forecast: WTI heading lower again, trades sub-$14.00 a barrel

Published date: 27 Apr. 2020 | 14:17

WTI remains weak as the recent rebound is faltering.
The level to beat for sellers is the 13.16 support.

WTI four-hour chart

WTI is on the back foot again after a bounce from historic lows. Oil remains vulnerable to the downside as a break below 13.16 support should yield further weakness with bears having their eyes set on the 9.87 level on the way down. Resistance can be seen near 15.55 and 18.80 levels

Additional key levels

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