Read more
8:14 AM · 9 March 2021

Chart of the day - OIL (09.03.2021)

OIL
Commodities
-
-

In spite of Brent (OIL) launching the week with a big bullish gap, buyers were unable to maintain momentum and price started to pull back. OIL erased 2% gain to finish Monday's trading more than 2% below Friday's closing price. Price tried to recover during today's Asian session but those gains were erased as well and Brent is now testing 38.2% retracement of the upward impulse started last week. In case this support is breached, we cannot rule out a move towards the $66.90 area, where 50% retracement and lower limit of the Overbalance structure are located. Breaking below the $66.90 area would hint at short-term trend reversal.

Source: xStation5

20 November 2025, 3:31 PM

BREAKING: NATGAS muted after almost in-line EIA data release 💡

19 November 2025, 12:26 PM

Will the Fed minutes confirm a pause in further easing? 🔎

18 November 2025, 6:50 PM

Daily summary: Wall Street tries to rebound 📈Amazon and Microsoft under pressure of Rotschild & Co Redburn

18 November 2025, 6:36 PM

Cocoa tries to stabilize after autumn sell-off 📌

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits