Roj Crude: WTI Nqe Tsis quav ntsej txog kev cuam tshuam sab nraud Plunges Ntxiv hauv qab $ 29

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USDWTI Kev Tshawb Fawb Nqe - Lub Peb Hlis 16

Today, the price of WTI oil has fallen to the lowest since last Monday’s crash, bursting at $30 and $29 levels through round-figure confluences while ignoring external intervention. The oil sell-off activate overnight after Fed’s aggressive measures failed to calm down investors, with ongoing price war between major producers contributing to a negative outlook.

Cov Ntsiab Tseem Ceeb
Theem Qeb: $ 54.40, $ 48.64, $ 36.28
Cov Kev Txhawb Qib: $ 27.40, $ 26.61, $ 25.00

USDWTI Lub Sij Hawm Sij Hawm Rau Sijhawm: Bearish

For now, the WTI barrel is falling by 11.84%, at $28.83 level and a violation of the level of $27.40 (2020 low Mar.9) will set out a $26.61 level (Monday low September 2003) and $25.00 level (monthly low Apr.2003).

At the upside, the next hurdle is at $36.28 level(high mar. 11), then at $41.09 level (near term barrier level), followed by a $43.83 level (horizontal level of resistance).

USDWTI Lub Sijhawm Luv luv luv: Bearish

The downward trend may continue over 4 hours while the pair is trading under former resistance turned support level of $30.21, followed by a $27.40 and $26.61 support level.

When the pair aim to progress over a resistance level of $30.21, which can be followed by an ongoing break at a resistance level of $33.60 to $36.28, an upward trend will begin.

Ntsuas: USDWTI
Txim: Muag
Tus nqi nkag: $ 30.21
Nres: $ 33.60
Lub Hom Phiaj: $ 27.40

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