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
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper4.92964.9338 5.0629 4.8779
USOil63.24963.283 63.993 62.494
UKOil65.22665.286 65.876 64.596
NGAS3.71963.7316 3.7964 3.6159
WHEATF545.59546.69 549.69 540.07
XAUUSD3350.663350.96 3403.56 3339.35
XAGUSD35.62635.66 36.088 34.417


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