WTI Crude Oil Intra-day Analysis 21st Apr. 2021
Under Pressure
Our Pivot: 63.50
Our Preference: Short Sell WTI below 62.80 with strict stop loss of 63.37 and profit target at 61.70 with extension towards 61.50.
Alternate Scenario: Upward penetration of 63.50 will call for 64.10.
NOTE: WTI is taking correction of its bearish rally and its expected that it would continue its bearish journey after completion of this correction.
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 | 6.2575 | 6.2617 | 6.6335 | 6.5733 |
| USOil | 90.472 | 90.506 | 103.012 | 100.008 |
| UKOil | 97.88 | 97.94 | 116.136 | 112.864 |
| NGAS | 2.9745 | 2.9835 | 2.9715 | 2.8904 |
| WHEATF | 589.82 | 590.92 | 615.19 | 592.83 |
| XAUUSD | 4065.2 | 4065.5 | 4032.76 | 4005.24 |
| XAGUSD | 51.76 | 52.13 | 52.535 | 51.029 |