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 | 5.0476 | 5.0518 | 5.0881 | 4.9134 |
| USOil | 64.957 | 64.991 | 65.578 | 64.643 |
| UKOil | 67.659 | 67.719 | 68.344 | 67.349 |
| NGAS | 3.5461 | 3.5581 | 3.6009 | 3.516 |
| WHEATF | 542.83 | 543.93 | 548.43 | 540.57 |
| XAUUSD | 3334.46 | 3334.76 | 3350.5 | 3329.19 |
| XAGUSD | 36.534 | 36.565 | 36.854 | 36.218 |