WTI Crude Oil Intra-day Analysis 2nd Mar. 2021
Rebound Insight
Our Pivot: 59.50
Our Preference: Buy WTI above 60.20 with strict stop loss of 59.50 and profit target at 61.30 with extension towards 61.65.
Alternate Scenario: Downward penetration of 59.50 will call for 58.80 and 58.30.
NOTE: WTI is moving upward to retest neckline of its head & shoulder formation.
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 | 4.642 | 4.6462 | 4.7391 | 4.6261 |
| USOil | 63.369 | 63.403 | 63.693 | 62.738 |
| UKOil | 66.264 | 66.324 | 66.626 | 65.694 |
| NGAS | 3.4964 | 3.5084 | 3.63 | 3.4749 |
| WHEATF | 522.32 | 523.42 | 525.31 | 510.33 |
| XAUUSD | 3180.95 | 3181.25 | 3257.28 | 3173.81 |
| XAGUSD | 32.206 | 32.245 | 32.997 | 32.108 |