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 | 5.1064 | 5.1106 | 5.2354 | 5.0409 |
| USOil | 60.539 | 60.573 | 60.732 | 59.622 |
| UKOil | 64.93 | 64.99 | 65.171 | 64.035 |
| NGAS | 3.9554 | 3.9674 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4015.28 | 4015.68 | 4015.15 | 3915.09 |
| XAGUSD | 48.771 | 48.971 | 48.999 | 47.165 |