Oil New York Price Forecast: WTI race to the bottom goes on

WTI remains under unprecedented selling pressure on the second day of the week.
The level to beat for bears is the 5.50 support.

WTI daily chart

WTI is extremely strong selling pressure as the demand for the black gold remains absent.

WTI four-hour chart

WTI took another impressive spike down as the bears remain in full control of the market. A break below $5.50 a barrel can send the oil further down near 2.74 and 1.35 in the medium-term. Resistance can emerge near 10.60, 13.46 and 16.10 levels.

Additional key levels

Apr 21, 2020

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USD/INR New York Price Forecast: Greenback in all-time highs, approaching 77.00 figure vs. Indian rupee

USD/INR bull trend stays in place as the quote is in record highs. A break above the 77.00 resistance can lead to further gains towards the 78.00 and 79.00 fig