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 | 4.9295 | 4.9337 | 5.0629 | 4.8779 |
| USOil | 63.257 | 63.291 | 63.993 | 62.494 |
| UKOil | 65.234 | 65.294 | 65.876 | 64.596 |
| NGAS | 3.7166 | 3.7286 | 3.7964 | 3.6159 |
| WHEATF | 545.7 | 546.8 | 549.69 | 540.07 |
| XAUUSD | 3351.54 | 3351.84 | 3403.56 | 3339.35 |
| XAGUSD | 35.639 | 35.673 | 36.088 | 34.417 |