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 | 4.647 | 4.6512 | 4.7391 | 4.6261 |
| USOil | 63.379 | 63.413 | 63.693 | 62.738 |
| UKOil | 66.274 | 66.334 | 66.626 | 65.694 |
| NGAS | 3.4946 | 3.5066 | 3.63 | 3.4749 |
| WHEATF | 523.09 | 524.19 | 525.31 | 510.33 |
| XAUUSD | 3184.65 | 3184.95 | 3257.28 | 3173.81 |
| XAGUSD | 32.235 | 32.272 | 32.997 | 32.108 |