WTI Crude Oil Intra-day Analysis 16th Feb. 2021

Turning Down

Our Pivot: 60.91

Our Preference: Short sell below 60.40 with strict stop loss of 60.91 and profit target at 59.65.

Alternate Scenario: Upward penetration of 60.91 will call for 61.50 & 61.80.

NOTE: WTI is being capped by a resistant trend line.

Chart with supports & resistances:

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

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