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 | 6.6658 | 6.67 | 6.6989 | 6.5252 |
| USOil | 93.568 | 93.602 | 93.417 | 90.138 |
| UKOil | 95.941 | 96.001 | 96.074 | 92.805 |
| NGAS | 3.1595 | 3.1715 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4487.31 | 4487.61 | 4541.66 | 4463.03 |
| XAGUSD | 74.99 | 75.317 | 77.178 | 74.326 |