Back
21 Apr 2020
Oil Asia Price Forecast: WTI sinks into oblivion
- WTI stays under extreme selling pressure at the end of the second day of the week.
- The level to beat for bears is the 5.50 support.
WTI daily chart
WTI is under unprecedented heavy selling pressure as the demand for the black gold is nowhere to be seen.
WTI four-hour chart
The bearish pressure remains unabated as the market Is spiking down. The level to beat for sellers is the 5.50 level en route towards 27.74 and $1.35 a barrel. Resistance can emerge near the 8.00 level followed by 10.60 and 13.46 level.
Additional key levels