WTI Crude Oil Intra-day Analysis 4th Mar. 2021
Caution
Our Pivot: 62.70
Our Preference: Short Sell WTI above 62.00 with strict stop loss of 62.70 and profit target at 61.00 with extension towards 60.20
Alternate Scenario: Upward penetration of 62.70 will call for 63.30 and 63.80.
NOTE: WTI is being capped by neckline of its previous head and shoulder on hourly 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 | 4.5798 | 4.584 | 4.5955 | 4.5346 |
| USOil | 63.938 | 63.972 | 64.568 | 63.869 |
| UKOil | 67.39 | 67.45 | 68.301 | 67.274 |
| NGAS | 3.0059 | 3.0179 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3444.25 | 3444.55 | 3450.39 | 3404.17 |
| XAGUSD | 39.701 | 39.744 | 39.986 | 38.713 |