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 | 4.6438 | 4.648 | 4.7391 | 4.6261 |
| USOil | 63.428 | 63.462 | 63.693 | 62.738 |
| UKOil | 66.335 | 66.395 | 66.626 | 65.694 |
| NGAS | 3.4905 | 3.5025 | 3.63 | 3.4749 |
| WHEATF | 522.82 | 523.92 | 525.31 | 510.33 |
| XAUUSD | 3189.22 | 3189.52 | 3257.28 | 3173.81 |
| XAGUSD | 32.271 | 32.308 | 32.997 | 32.108 |