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 | 6.5859 | 6.5901 | 6.5917 | 6.5557 |
| USOil | 100.634 | 100.718 | 101.778 | 100.558 |
| UKOil | 107.939 | 107.999 | 110.026 | 104.884 |
| NGAS | 3.042 | 3.054 | 3.1284 | 3.0259 |
| WHEATF | 659.58 | 660.68 | 670.81 | 655.82 |
| XAUUSD | 4187 | 4187.3 | 4187.67 | 4163 |
| XAGUSD | 57.267 | 57.592 | 57.616 | 56.715 |