WTI Crude Oil Intra-day Analysis 2nd Mar. 2021
Rebound Insight
Our Pivot: 59.50
Our Preference: Buy WTI above 60.20 with strict stop loss of 59.50 and profit target at 61.30 with extension towards 61.65.
Alternate Scenario: Downward penetration of 59.50 will call for 58.80 and 58.30.
NOTE: WTI is moving upward to retest neckline of its head & shoulder formation.
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 | 4.111 | 4.1152 | 4.1679 | 4.1065 |
| USOil | 69.608 | 69.642 | 69.962 | 68.847 |
| UKOil | 73.625 | 73.685 | 73.991 | 72.885 |
| NGAS | 3.3695 | 3.3815 | 3.3855 | 3.1884 |
| WHEATF | 574.94 | 576.04 | 577.8 | 570.57 |
| XAUUSD | 2666.99 | 2667.33 | 2671.93 | 2648.73 |
| XAGUSD | 31.017 | 31.048 | 31.327 | 30.809 |