WTI Crude Oil Intra-day Analysis 18th Feb. 2021
Turning Down
Our Pivot: 62.60
Our Preference: Short sell below 61.95 with strict stop loss of 62.60 and profit target at 60.90 with extension towards 60.25.
Alternate Scenario: Upward penetration of 62.60 will call for 63.35.
NOTE: WTI is moving in a bullish price channel but right now it heading fro correction after a bearish engulfing on hourly 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 | 6.711 | 6.7152 | 6.7435 | 6.6866 |
| USOil | 86.558 | 86.592 | 87.098 | 86.132 |
| UKOil | 91.166 | 91.226 | 91.611 | 90.694 |
| NGAS | 2.9316 | 2.9436 | 2.9491 | 2.9085 |
| WHEATF | 772.33 | 773.43 | 780.18 | 766.69 |
| XAUUSD | 4433.62 | 4433.92 | 4461.7 | 4424.65 |
| XAGUSD | 66.511 | 66.833 | 67.238 | 65.929 |