WTI Crude Oil Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 63.55
Our Preference: Short Sell WTI below 62.83 with strict stop loss of 63.55 and profit target at 61.50 with extension towards 60.90.
Alternate Scenario: Upward penetration of 63.55 will call for 63.90 and 64.20.
NOTE: WTI is moving downward after facing rejection from its correction on hourly chart and a strong resistant trend line on weekly and monthly charts.
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 | 4.58 | 4.5842 | 4.5955 | 4.5346 |
| USOil | 63.938 | 63.972 | 64.568 | 63.869 |
| UKOil | 67.381 | 67.441 | 68.301 | 67.274 |
| NGAS | 3.0054 | 3.0174 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3443.72 | 3444.02 | 3450.39 | 3404.17 |
| XAGUSD | 39.702 | 39.742 | 39.986 | 38.713 |