Chart of the day - OIL.WTI (28.03.2023)

Oil is catching a bid this week. Crude prices rallied yesterday with WTI jumping around 5%. The move is being continued this morning, although the scale of gains is not as big as yesterday, at least not yet. Gains are driven by an overall improvement in market sentiment, with concerns over the condition of the banking sector in Europe and the United States slowly fading. Today's move higher may also be supported by comments from the Russian Energy Minister who said that he expects Russian oil and gas production to decline in 2023. However, this can be hardly seen as news as a drop in Russian output has been foreseen as an aftermath of the West imposing sanctions on Russia for its invasion of Ukraine.

Taking a look at WTI chart (OIL.WTI) at D1 interval, we can see that price is attempting to break above the $73.00 resistance zone that served as the lower limit of a previously broken trading range. While price is trading almost 15% above a daily low from March 20, 2023, technical setup is not bullish yet. In order for it to become more bullish, a break above the $81.20 resistance zone would be needed as this is where previous local high, the upper limit of Overbalance structure and previous price reactions can be found.

Source: xStation5

14 October 2025, 6:48 PM

Daily Summary: Powell pulls markets back up! 📈 EURUSD higher

14 October 2025, 2:23 PM

WTI Crude Plunges Over 2% to Lowest Level Since May

14 October 2025, 1:16 PM

Coffee Futures Soar 5%, Break 400 Cents per Pound

14 October 2025, 12:40 PM

Technical look: Gold falls from the record high🔔

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

Chart of the day - OIL.WTI (28.03.2023)

Join over 1 700 000 XTB Group Clients from around the world