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 | 6.7975 | 6.8017 | 6.8119 | 6.6997 |
| USOil | 93.678 | 93.712 | 94.736 | 92.108 |
| UKOil | 98.324 | 98.384 | 99.481 | 96.744 |
| NGAS | 2.9705 | 2.9825 | 2.9986 | 2.9355 |
| WHEATF | 751.34 | 752.44 | 763.44 | 732.09 |
| XAUUSD | 4404.31 | 4404.61 | 4443.19 | 4387.86 |
| XAGUSD | 65.985 | 66.308 | 67.34 | 65.532 |