WTI Crude Oil Intra-day Analysis 3rdFeb. 2021
Turning Down
Our Pivot: 55.30
Our Preference: Short sell below 53.00 with strict stop loss of 55.30 and profit target at 54.55 with extension towards 54.30.
Alternate Scenario: Upward penetration of 55.30 will call for 56.10.
NOTE: WTI is being capped by a descending trend line on hourly chart which would push it towards an intraday correction but overall sentiment is still bullish.
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 | 4.1523 | 4.1565 | 4.1652 | 4.1373 |
| USOil | 69.629 | 69.663 | 69.733 | 68.847 |
| UKOil | 73.624 | 73.684 | 73.761 | 72.885 |
| NGAS | 3.3561 | 3.3681 | 3.3681 | 3.1884 |
| WHEATF | 575.59 | 576.69 | 577.44 | 570.57 |
| XAUUSD | 2665.51 | 2665.83 | 2670.5 | 2648.73 |
| XAGUSD | 31.161 | 31.193 | 31.327 | 30.809 |