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 | 6.604 | 6.6082 | 6.6119 | 6.5557 |
| USOil | 100.993 | 101.067 | 101.778 | 100.558 |
| UKOil | 108.351 | 108.411 | 109.871 | 107.73 |
| NGAS | 3.0681 | 3.0801 | 3.1284 | 3.0259 |
| WHEATF | 664.34 | 665.44 | 665.44 | 656.83 |
| XAUUSD | 4170.07 | 4170.37 | 4187.82 | 4163 |
| XAGUSD | 57.235 | 57.551 | 57.671 | 56.715 |