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 | 6.6042 | 6.6084 | 6.6119 | 6.5557 |
| USOil | 100.994 | 101.078 | 101.778 | 100.558 |
| UKOil | 108.356 | 108.416 | 109.871 | 107.73 |
| NGAS | 3.0679 | 3.0799 | 3.1284 | 3.0259 |
| WHEATF | 664.34 | 665.44 | 665.44 | 656.83 |
| XAUUSD | 4171.21 | 4171.51 | 4187.82 | 4163 |
| XAGUSD | 57.255 | 57.577 | 57.671 | 56.715 |