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
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 | 6.3451 | 6.3493 | 6.3511 | 6.3285 |
| USOil | 82.423 | 82.457 | 83.296 | 79.087 |
| UKOil | 87.396 | 87.456 | 88.114 | 82.494 |
| NGAS | 2.6925 | 2.7045 | 2.706 | 2.6719 |
| WHEATF | 669.82 | 670.92 | 666.19 | 650.08 |
| XAUUSD | 4026.15 | 4026.45 | 4029.91 | 4013.5 |
| XAGUSD | 57.126 | 57.442 | 57.518 | 56.695 |