WTI Crude Oil Intra-day Analysis 2ndFeb. 2021

• 2021-02-02 21:25:25
• 28 Comments
• 222 Views
• commodities
• Maier Noor

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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