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 | 6.7978 | 6.802 | 6.8119 | 6.6997 |
| USOil | 93.618 | 93.652 | 94.736 | 92.108 |
| UKOil | 98.301 | 98.361 | 99.481 | 96.744 |
| NGAS | 2.9669 | 2.9789 | 2.9986 | 2.9355 |
| WHEATF | 751.2 | 752.3 | 763.44 | 732.09 |
| XAUUSD | 4402.65 | 4402.95 | 4443.19 | 4387.86 |
| XAGUSD | 65.945 | 66.268 | 67.34 | 65.532 |