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 | 6.3455 | 6.3497 | 6.3511 | 6.3285 |
| USOil | 82.387 | 82.421 | 83.296 | 79.087 |
| UKOil | 87.345 | 87.415 | 88.114 | 82.494 |
| NGAS | 2.6926 | 2.7046 | 2.706 | 2.6719 |
| WHEATF | 669.57 | 670.67 | 666.19 | 650.08 |
| XAUUSD | 4027.34 | 4027.64 | 4029.91 | 4013.5 |
| XAGUSD | 57.143 | 57.464 | 57.518 | 56.695 |