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 | 5.1065 | 5.1107 | 5.2354 | 5.0409 |
| USOil | 60.513 | 60.547 | 60.732 | 59.622 |
| UKOil | 64.911 | 64.971 | 65.171 | 64.035 |
| NGAS | 3.9585 | 3.9705 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4015.29 | 4015.69 | 4015.15 | 3915.09 |
| XAGUSD | 48.777 | 48.977 | 48.999 | 47.165 |