WTI Crude Oil Intra-day Analysis 8th Feb. 2021

Caution

Our Pivot: 57.65

Our Preference: Short sell below 57.46 with strict stop loss of 57.65 and profit target at 57.10 with extension towards 56.80.

Alternate Scenario: Upward penetration of 57.65 will call for 58.30 & 59.10.

NOTE: WTI is caged in an ascending wedge on hourly chart and if it would not succeed in penetration above resistant trend line this wedge then a sharp bearish rally would be witnessed for a deeper correction therefore short selling with strict stop loss of resistant trend line of this wedge is recommended.

Chart with supports & resistances:

RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
Share Post:

Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper4.9294.9332 5.0629 4.8779
USOil63.27463.308 63.993 62.494
UKOil65.24665.306 65.876 64.596
NGAS3.71753.7295 3.7964 3.6159
WHEATF546.09547.19 549.69 540.07
XAUUSD3353.673353.97 3403.56 3339.35
XAGUSD35.64935.684 36.088 34.417


Explore