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 | 6.5863 | 6.5905 | 6.5917 | 6.5557 |
| USOil | 100.623 | 100.697 | 101.778 | 100.558 |
| UKOil | 107.929 | 107.989 | 110.026 | 104.884 |
| NGAS | 3.042 | 3.054 | 3.1284 | 3.0259 |
| WHEATF | 659.2 | 660.3 | 670.81 | 655.82 |
| XAUUSD | 4187.25 | 4187.55 | 4187.56 | 4163 |
| XAGUSD | 57.262 | 57.589 | 57.616 | 56.715 |