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 | 4.6523 | 4.6565 | 4.7391 | 4.6261 |
| USOil | 63.253 | 63.287 | 63.693 | 62.738 |
| UKOil | 66.135 | 66.195 | 66.626 | 65.694 |
| NGAS | 3.5351 | 3.5471 | 3.63 | 3.4749 |
| WHEATF | 522.44 | 523.54 | 525.31 | 510.33 |
| XAUUSD | 3182.81 | 3183.11 | 3257.28 | 3174.92 |
| XAGUSD | 32.258 | 32.296 | 32.997 | 32.108 |