WTI Crude Oil Intra-day Analysis 18th Feb. 2021
Turning Down
Our Pivot: 62.60
Our Preference: Short sell below 61.95 with strict stop loss of 62.60 and profit target at 60.90 with extension towards 60.25.
Alternate Scenario: Upward penetration of 62.60 will call for 63.35.
NOTE: WTI is moving in a bullish price channel but right now it heading fro correction after a bearish engulfing on hourly chart.
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 | 4.6499 | 4.6541 | 4.7391 | 4.6261 |
| USOil | 63.407 | 63.441 | 63.693 | 62.738 |
| UKOil | 66.295 | 66.355 | 66.626 | 65.694 |
| NGAS | 3.5191 | 3.5311 | 3.63 | 3.4749 |
| WHEATF | 523.34 | 524.44 | 525.31 | 510.33 |
| XAUUSD | 3183.41 | 3183.71 | 3257.28 | 3174.92 |
| XAGUSD | 32.242 | 32.279 | 32.997 | 32.108 |