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
Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
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Ticker | Bid | Ask | High | Low |
---|---|---|---|---|
Copper | 5.1178 | 5.122 | 5.1471 | 5.0192 |
USOil | 65.102 | 65.126 | 66.108 | 64.803 |
UKOil | 67.414 | 67.454 | 68.446 | 67.179 |
NGAS | 3.7354 | 3.7444 | 3.7556 | 3.5064 |
WHEATF | 540.94 | 541.3 | 545.69 | 536.09 |
XAUUSD | 3273.4 | 3273.7 | 3328.35 | 3255.7 |
XAGUSD | 35.977 | 36.019 | 36.744 | 35.78 |