WTI Crude Oil Intra-day Analysis 2ndFeb. 2021
Further Advance
Our Pivot: 53.20
Our Preference: Buy above 53.70 with strict stop loss of 53.20 and profit target at 54.35 with extension towards 54.60.
Alternate Scenario: Downward penetration of 53.20 will call for 52.80.
NOTE: WTI have penetrated its bearish price channel in bullish direction and heading towards its major resistant region at 54.60 where its being capped by a rising trend line on monthly chart.
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 | 4.1369 | 4.1411 | 4.1679 | 4.1062 |
| USOil | 69.948 | 69.982 | 70.107 | 68.847 |
| UKOil | 73.984 | 74.044 | 74.166 | 72.885 |
| NGAS | 3.3879 | 3.3999 | 3.4106 | 3.1884 |
| WHEATF | 576.07 | 577.17 | 577.8 | 570.57 |
| XAUUSD | 2672.69 | 2673.03 | 2673.58 | 2648.73 |
| XAGUSD | 31.095 | 31.128 | 31.327 | 30.809 |