WTI Crude Oil Intra-day Analysis 12th Feb. 2021
Under Pressure
Our Pivot: 58.60
Our Preference: Short sell below 58.00 with strict stop loss of 58.60 and profit target at 57.30 with extension towards 57.00.
Alternate Scenario: Upward penetration of 58.60 will call for 59.00 & 59.00.
NOTE: WTI is moving downward after breakout of its ascending wedge in downward direction.
Chart with supports & resistances:
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Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 5.1048 | 5.109 | 5.2354 | 5.0409 |
| USOil | 60.617 | 60.651 | 60.732 | 59.622 |
| UKOil | 65.02 | 65.08 | 65.171 | 64.035 |
| NGAS | 3.9565 | 3.9685 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4010.2 | 4010.6 | 4015.15 | 3915.09 |
| XAGUSD | 48.701 | 48.899 | 48.999 | 47.165 |