WTI Crude Oil Intra-day Analysis 2ndFeb. 2021
Further Advance
Our Pivot: 53.20
Our Preference: Buy above 53.70 with strict stop loss of 53.20 and profit target at 54.35 with extension towards 54.60.
Alternate Scenario: Downward penetration of 53.20 will call for 52.80.
NOTE: WTI have penetrated its bearish price channel in bullish direction and heading towards its major resistant region at 54.60 where its being capped by a rising trend line on monthly chart.
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 | 4.929 | 4.9332 | 5.0629 | 4.8779 |
| USOil | 63.274 | 63.308 | 63.993 | 62.494 |
| UKOil | 65.246 | 65.306 | 65.876 | 64.596 |
| NGAS | 3.7175 | 3.7295 | 3.7964 | 3.6159 |
| WHEATF | 546.09 | 547.19 | 549.69 | 540.07 |
| XAUUSD | 3353.67 | 3353.97 | 3403.56 | 3339.35 |
| XAGUSD | 35.649 | 35.684 | 36.088 | 34.417 |