WTI Crude Oil Intra-day Analysis 3rdFeb. 2021
Turning Down
Our Pivot: 55.30
Our Preference: Short sell below 53.00 with strict stop loss of 55.30 and profit target at 54.55 with extension towards 54.30.
Alternate Scenario: Upward penetration of 55.30 will call for 56.10.
NOTE: WTI is being capped by a descending trend line on hourly chart which would push it towards an intraday correction but overall sentiment is still bullish.
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 | 5.1014 | 5.1056 | 5.2354 | 5.0409 |
| USOil | 60.614 | 60.648 | 60.732 | 59.622 |
| UKOil | 65.024 | 65.084 | 65.171 | 64.035 |
| NGAS | 3.9569 | 3.9689 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4008.47 | 4008.87 | 4015.15 | 3915.09 |
| XAGUSD | 48.691 | 48.887 | 48.999 | 47.165 |