WTI Crude Oil Intra-day Analysis 1st Feb. 2021
Under Pressure
Our Pivot: 53.25
Our Preference: Short sell below 52.70 with strict stop loss of 53.25 and profit target at 52.00 with extension towards 51.60.
Alternate Scenario: Upward penetration of 53.25 will call for 53.80.
NOTE: WTI is moving in a bearish price channel and right now heading for a correction of its last bearish rally.
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 | 4.5798 | 4.584 | 4.5955 | 4.5346 |
| USOil | 63.932 | 63.966 | 64.568 | 63.869 |
| UKOil | 67.386 | 67.446 | 68.301 | 67.274 |
| NGAS | 3.0064 | 3.0184 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3444.14 | 3444.44 | 3450.39 | 3404.17 |
| XAGUSD | 39.703 | 39.744 | 39.986 | 38.713 |