WTI Crude Oil Intra-day Analysis 1st Mar. 2021
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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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 | 6.7107 | 6.7149 | 6.7435 | 6.6866 |
| USOil | 86.613 | 86.647 | 87.098 | 86.132 |
| UKOil | 91.219 | 91.279 | 91.611 | 90.694 |
| NGAS | 2.9316 | 2.9436 | 2.9491 | 2.9085 |
| WHEATF | 772.82 | 773.92 | 780.18 | 766.69 |
| XAUUSD | 4434.48 | 4434.78 | 4461.7 | 4424.65 |
| XAGUSD | 66.517 | 66.839 | 67.238 | 65.929 |