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 | 4.5812 | 4.5854 | 4.5955 | 4.5346 |
| USOil | 63.947 | 63.981 | 64.568 | 63.869 |
| UKOil | 67.404 | 67.464 | 68.301 | 67.274 |
| NGAS | 3.0064 | 3.0184 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3443.34 | 3443.64 | 3450.39 | 3404.17 |
| XAGUSD | 39.717 | 39.761 | 39.986 | 38.713 |