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 | 5.1178 | 5.122 | 5.1471 | 5.0192 |
| USOil | 65.102 | 65.126 | 66.108 | 64.803 |
| UKOil | 67.414 | 67.454 | 68.446 | 67.179 |
| NGAS | 3.7354 | 3.7444 | 3.7556 | 3.5064 |
| WHEATF | 540.94 | 541.3 | 545.69 | 536.09 |
| XAUUSD | 3273.4 | 3273.7 | 3328.35 | 3255.7 |
| XAGUSD | 35.977 | 36.019 | 36.744 | 35.78 |