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 | 6.3449 | 6.3491 | 6.3511 | 6.3285 |
| USOil | 82.462 | 82.496 | 83.296 | 79.087 |
| UKOil | 87.425 | 87.485 | 88.114 | 82.494 |
| NGAS | 2.6925 | 2.7045 | 2.706 | 2.6719 |
| WHEATF | 669.82 | 670.92 | 666.19 | 650.08 |
| XAUUSD | 4026.23 | 4026.53 | 4029.91 | 4013.5 |
| XAGUSD | 57.131 | 57.447 | 57.518 | 56.695 |