WTI Crude Oil Intra-day Analysis 19th Feb. 2021

Under Pressure

Our Pivot: 60.55

Our Preference: Short sell below 59.90 with strict stop loss of 60.55 and profit target at 58.90 with extension towards 58.50.

Alternate Scenario: Upward penetration of 60.55 will call for 61.23.

NOTE: WTI is trying to retest supportive trend line of its previous bullish price channel as resistant one.

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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