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 | 6.3443 | 6.3485 | 6.3511 | 6.3285 |
| USOil | 82.522 | 82.556 | 83.296 | 79.087 |
| UKOil | 87.506 | 87.566 | 88.114 | 82.494 |
| NGAS | 2.6929 | 2.7049 | 2.706 | 2.6719 |
| WHEATF | 669.83 | 670.93 | 666.19 | 650.08 |
| XAUUSD | 4024.55 | 4024.85 | 4029.91 | 4013.5 |
| XAGUSD | 57.099 | 57.419 | 57.518 | 56.695 |