WTI Crude Oil Intra-day Analysis 1st Feb. 2021
Under Pressure
Our Pivot: 53.25
Our Preference: Short sell below 52.70 with strict stop loss of 53.25 and profit target at 52.00 with extension towards 51.60.
Alternate Scenario: Upward penetration of 53.25 will call for 53.80.
NOTE: WTI is moving in a bearish price channel and right now heading for a correction of its last bearish rally.
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 | 6.6693 | 6.6735 | 6.6989 | 6.5252 |
| USOil | 93.612 | 93.646 | 93.417 | 90.138 |
| UKOil | 95.969 | 96.029 | 96.074 | 92.805 |
| NGAS | 3.1595 | 3.1715 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4486.84 | 4487.14 | 4541.66 | 4463.03 |
| XAGUSD | 75.002 | 75.33 | 77.178 | 74.326 |