WTI Crude Oil Intra-day Analysis 22nd Feb. 2021
Under Pressure
Our Pivot: 60.90
Our Preference: Short sell as long as WTI is trading below 60.30 with strict stop loss of 60.90 and profit target at 59.30 with extension towards 58.75.
Alternate Scenario: Upward penetration of 60.90 will call for 61.65.
NOTE: WTI is trying to penetrate above a resistant trend line to create a cheat pattern.
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 | 6.7974 | 6.8016 | 6.8119 | 6.6997 |
| USOil | 93.598 | 93.632 | 94.736 | 92.108 |
| UKOil | 98.274 | 98.334 | 99.481 | 96.744 |
| NGAS | 2.9704 | 2.9824 | 2.9986 | 2.9355 |
| WHEATF | 751.08 | 752.18 | 763.44 | 732.09 |
| XAUUSD | 4402.85 | 4403.15 | 4443.19 | 4387.86 |
| XAGUSD | 65.961 | 66.282 | 67.34 | 65.532 |