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 | 4.6438 | 4.648 | 4.7391 | 4.6261 |
| USOil | 63.422 | 63.456 | 63.693 | 62.738 |
| UKOil | 66.319 | 66.379 | 66.626 | 65.694 |
| NGAS | 3.5096 | 3.5216 | 3.63 | 3.4749 |
| WHEATF | 522.08 | 523.18 | 525.31 | 510.33 |
| XAUUSD | 3182.56 | 3182.86 | 3257.28 | 3174.92 |
| XAGUSD | 32.219 | 32.256 | 32.997 | 32.108 |