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 | 4.6515 | 4.6557 | 4.7391 | 4.6261 |
| USOil | 63.292 | 63.326 | 63.693 | 62.738 |
| UKOil | 66.186 | 66.246 | 66.626 | 65.694 |
| NGAS | 3.5329 | 3.5449 | 3.63 | 3.4749 |
| WHEATF | 521.94 | 523.04 | 525.31 | 510.33 |
| XAUUSD | 3180.36 | 3180.66 | 3257.28 | 3174.92 |
| XAGUSD | 32.233 | 32.267 | 32.997 | 32.108 |