Chart of the day - OIL.WTI (01.04.2021)

Oil is trading higher today with Brent breaking back above $63 handle and WTI recovering above the $60 mark. Crude is in the spotlight today as OPEC+ group will hold a meeting and is expected to announce decision on production levels for coming months. It looks likely that oil producers will decide to extend current output cuts as the latest group's forecast for global demand was lowered by 300kbpd and new lockdown measures were recently announced in France and Canada. Joint Ministerial Monitoring Committee recommended to extend the "compensation period" until end of September 2021 in order to compensate for previous overproduction. JMMC also said that global stockpiles still remain above the 2014-2019 average.

Taking a look at OIL.WTI chart at H4 interval, we can see that the commodity is trading within a downward channel. Price has pulled back after a failed attempt of breaking above the upper limit of the channel and $62 resistance zone. In case OPEC+ disappoints and allows production to rise, oil prices may find themselves under pressure. In such a scenario, $57.70 area will be a support to watch. On the other hand, if OPEC+ decides to leave production unchanged, oil may catch a bid with the aforementioned upper limit of the channel being the first resistance to watch.

Source: xStation5

18 June 2026, 6:55 PM

Daily Summary: Dollar at 1-year high, stocks rebound on renewed risk appetite 🚀 (18.06.2026)

18 June 2026, 4:19 PM

NATGAS spikes following EIA report 📈 Inventories decelerate

18 June 2026, 12:59 PM

Market Wrap: Dollar strongest since May 2025, auto stocks under pressure (18.06.2026)

18 June 2026, 6:34 AM

Morning Wrap – Market Returns to Normalcy After Hawkish Fed Forecasts and a Mixed Warsh (11.08.2026)

Commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days