8:45 AM · 16 July 2021

Chart of the day - OIL.WTI (16.07.2021)

WTI crude (OIL.WTI) is approaching $71 barrel which is the lowest level since mid June, and on course for 4% weekly loss, the most since mid-March, as oversupply concerns regarding  compromise between UAE and Saudi Arabia still weigh on market sentiment. Additionally, news that Goldman Sachs lowered its second-half growth forecasts by an average of 1.8 % across Southeast Asia, due to spread of Delta variant and rise in US gasoline inventories in a week that included the Fourth of July holiday, when driving usually surges, raised fresh demand concerns. From a technical point of view, the price broke below 200 SMA (red line) and is heading towards support at $69.00 which is marked with the lower limit of the 1:1 structure and lower limit of the downward channel.

Source:xStation5

16 October 2026, 6:55 PM

Daily Summary: Friday offers no relief; the US100 drops 2%🚨

16 October 2026, 5:21 PM

Three Markets to Watch Next Week (October 16, 2026)

16 October 2026, 9:27 AM

Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?

16 October 2026, 6:48 AM

Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible

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