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 | 6.5852 | 6.5894 | 6.5917 | 6.5557 |
| USOil | 100.663 | 100.697 | 101.778 | 100.558 |
| UKOil | 107.945 | 108.005 | 110.026 | 104.884 |
| NGAS | 3.044 | 3.056 | 3.1284 | 3.0259 |
| WHEATF | 659.34 | 660.44 | 670.81 | 655.82 |
| XAUUSD | 4186.88 | 4187.18 | 4187.82 | 4163 |
| XAGUSD | 57.281 | 57.607 | 57.621 | 56.715 |