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
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper4.92864.9328 5.0629 4.8779
USOil63.28463.318 63.993 62.494
UKOil65.25465.314 65.876 64.596
NGAS3.7183.73 3.7964 3.6159
WHEATF545.95547.05 549.69 540.07
XAUUSD3352.673352.97 3403.56 3339.35
XAGUSD35.64435.679 36.088 34.417


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