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 | 6.6207 | 6.6249 | 6.7788 | 6.5934 |
| USOil | 93.398 | 93.432 | 96.553 | 91.992 |
| UKOil | 106.1 | 106.14 | 108.841 | 104.395 |
| NGAS | 3.1425 | 3.1545 | 3.2444 | 3.0899 |
| WHEATF | 686.84 | 687.94 | 704.44 | 682.57 |
| XAUUSD | 4120.55 | 4120.85 | 4285.06 | 4110.8 |
| XAGUSD | 60.585 | 60.918 | 64.46 | 60.455 |