WTI Crude Oil Intra-day Analysis 18th Mar. 2021
Under Pressure
Our Pivot: 65.00
Our Preference: Short sell WTI below 64.35 with strict stop loss of 65.00 and profit target at 63.60 with extension towards 63.13.
Alternate Scenario: Upward penetration of 65.00 will call for 65.40.
NOTE: WTI is moving in a descending price channel and getting resistance from resistant trend line of said channel.
Chart with supports & resistances:
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Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 5.1065 | 5.1107 | 5.2354 | 5.0409 |
| USOil | 60.498 | 60.532 | 60.732 | 59.622 |
| UKOil | 64.891 | 64.951 | 65.171 | 64.035 |
| NGAS | 3.9575 | 3.9695 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4015.88 | 4016.28 | 4015.15 | 3915.09 |
| XAGUSD | 48.781 | 48.98 | 48.999 | 47.165 |