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 | 4.9296 | 4.9338 | 5.0629 | 4.8779 |
| USOil | 63.249 | 63.283 | 63.993 | 62.494 |
| UKOil | 65.226 | 65.286 | 65.876 | 64.596 |
| NGAS | 3.7196 | 3.7316 | 3.7964 | 3.6159 |
| WHEATF | 545.59 | 546.69 | 549.69 | 540.07 |
| XAUUSD | 3350.66 | 3350.96 | 3403.56 | 3339.35 |
| XAGUSD | 35.626 | 35.66 | 36.088 | 34.417 |