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 | 6.6183 | 6.6225 | 6.7788 | 6.5934 |
| USOil | 93.392 | 93.466 | 96.553 | 91.992 |
| UKOil | 106.1 | 106.14 | 108.841 | 104.395 |
| NGAS | 3.1429 | 3.1549 | 3.2444 | 3.0899 |
| WHEATF | 686.84 | 687.94 | 704.44 | 682.57 |
| XAUUSD | 4118.24 | 4118.54 | 4285.06 | 4110.8 |
| XAGUSD | 60.545 | 60.872 | 64.46 | 60.455 |