WTI Crude Oil Intra-day Analysis 1st Mar. 2021

• 2021-03-01 22:11:55
• 28 Comments
• 79 Views
• commodities
• Maier Noor

Under Pressure

Our Pivot: 63.55

Our Preference: Short Sell WTI below 62.83 with strict stop loss of 63.55 and profit target at 61.50 with extension towards 60.90.

Alternate Scenario: Upward penetration of 63.55 will call for 63.90 and 64.20.

NOTE: WTI is moving downward after facing rejection from its correction on hourly chart and a strong resistant trend line on weekly and monthly charts.

Chart with supports & resistances:

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