Read more
7:51 AM · 10 May 2021

Chart of the day - OIL.WTI (10.05.2021)

OIL.WTI
Commodities
-
-

Oil launched a new week higher following a cyberattack in the United States on Friday. As a result of the attack, Colonial Pipeline was forced to shut down the largest oil products pipeline on the East Coast. The US government declared a state of emergency over the matter. So far, it is unknown how long will the shutdown last as the operator is still working on restoring pipeline capacity. If the situation is not resolved quickly, upward pressure on oil and gasoline prices may intensify.

Taking a look at OIL.WTI from a technical point of view, we can see that the price launched today's trading with a bullish price gap but has later on reacted to the 78.6% retracement of the downward move launched on May 3, 2021 ($65.70). OIL.WTI started to pull back but has not managed to close the bullish gap yet. In case the ongoing pullback continues the first major support zone to watch can be found at the 61.8% retracement ($63.85) while the final support can be found at the lower limit of the Overbalance structure ($63.00).

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