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 | 6.5863 | 6.5905 | 6.5917 | 6.5557 |
| USOil | 100.634 | 100.708 | 101.778 | 100.558 |
| UKOil | 107.931 | 107.991 | 110.026 | 104.884 |
| NGAS | 3.042 | 3.054 | 3.1284 | 3.0259 |
| WHEATF | 659.46 | 660.56 | 670.81 | 655.82 |
| XAUUSD | 4187.21 | 4187.51 | 4187.63 | 4163 |
| XAGUSD | 57.262 | 57.59 | 57.616 | 56.715 |