WTI Crude Oil Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 63.55
Our Preference: Short Sell WTI below 62.83 with strict stop loss of 63.55 and profit target at 61.50 with extension towards 60.90.
Alternate Scenario: Upward penetration of 63.55 will call for 63.90 and 64.20.
NOTE: WTI is moving downward after facing rejection from its correction on hourly chart and a strong resistant trend line on weekly and monthly charts.
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 | 4.1428 | 4.147 | 4.1679 | 4.1373 |
| USOil | 69.464 | 69.498 | 69.733 | 68.847 |
| UKOil | 73.465 | 73.525 | 73.761 | 72.885 |
| NGAS | 3.35 | 3.362 | 3.3726 | 3.1884 |
| WHEATF | 576.33 | 577.43 | 577.56 | 570.57 |
| XAUUSD | 2669.77 | 2670.13 | 2671.93 | 2648.73 |
| XAGUSD | 31.141 | 31.173 | 31.327 | 30.809 |