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 | 4.1509 | 4.1551 | 4.1652 | 4.1373 |
| USOil | 69.552 | 69.586 | 69.656 | 68.847 |
| UKOil | 73.569 | 73.629 | 73.676 | 72.885 |
| NGAS | 3.3459 | 3.3579 | 3.3595 | 3.1884 |
| WHEATF | 575.33 | 576.43 | 577.44 | 570.57 |
| XAUUSD | 2669.35 | 2669.7 | 2670.5 | 2648.73 |
| XAGUSD | 31.196 | 31.229 | 31.327 | 30.809 |