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 | 6.3392 | 6.3434 | 6.3511 | 6.3285 |
| USOil | 82.284 | 82.318 | 83.296 | 79.087 |
| UKOil | 87.195 | 87.255 | 88.114 | 82.494 |
| NGAS | 2.6914 | 2.7034 | 2.706 | 2.6719 |
| WHEATF | 669.84 | 670.94 | 666.19 | 650.08 |
| XAUUSD | 4024.14 | 4024.44 | 4029.91 | 4013.5 |
| XAGUSD | 57.065 | 57.384 | 57.518 | 56.695 |