WTI Crude Oil Intra-day Analysis 22nd Feb. 2021

• 2021-02-22 20:45:50
• 28 Comments
• 81 Views
• commodities
• Maier Noor

Under Pressure

Our Pivot: 60.90

Our Preference: Short sell as long as WTI is trading below 60.30 with strict stop loss of 60.90 and profit target at 59.30 with extension towards 58.75.

Alternate Scenario: Upward penetration of 60.90 will call for 61.65.

NOTE: WTI is trying to penetrate above a resistant trend line to create a cheat pattern.

Chart with supports & resistances:

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