Read more
7:49 AM · 7 October 2021

Chart of the day - OIL.WTI (07.10.2021)

OIL.WTI
Commodities
-
-

Rally on the energy markets have taken a pause, following comments from the Russian President yesterday. Putin said that Russia is ready to increase supply of natural gas in order to stabilize energy markets. More positive news came from the United States, where the US Secretary of Energy said that oil from strategic reserves may be released in order to lower prices while a ban on oil exports is also an option. As a result, oil and natural gas pulled back from recent highs. However, whether it is just a brief correction or a trend reversal remains to be seen.

A look at the WTI chart (OIL.WTI) shows that this grade of crude is currently trading at a very interesting level. OIL.WTI is testing the $76.00 per barrel area, which is marked with the lower limit of a market geometry (largest correction in the current upward impulse). A break below this area would, in theory, hint at a reversal of short-term trend. In such a scenario, the first near-term support to watch can be found at the $73.75 price zone.

Source: xStation5

31 October 2025, 6:51 AM

Morning wrap (31.10.2025)

30 October 2025, 7:08 PM

Daily Summary: ECB, FOMC and MAG7 - mixed signals and risk aversion

30 October 2025, 2:30 PM

BREAKING: EIA gas inventories change slightly above expectations. NATGAS increase after EIA data 📌

30 October 2025, 12:02 PM

Breaking: Update on Soybean - China to Buy 12 mt Soy This Year

Join over 1 700 000 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