WTI Crude Oil Intra-day Analysis 2nd Mar. 2021
Rebound Insight
Our Pivot: 59.50
Our Preference: Buy WTI above 60.20 with strict stop loss of 59.50 and profit target at 61.30 with extension towards 61.65.
Alternate Scenario: Downward penetration of 59.50 will call for 58.80 and 58.30.
NOTE: WTI is moving upward to retest neckline of its head & shoulder formation.
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 | 6.6653 | 6.6695 | 6.6989 | 6.5252 |
| USOil | 93.607 | 93.641 | 93.417 | 90.138 |
| UKOil | 95.961 | 96.021 | 96.074 | 92.805 |
| NGAS | 3.1595 | 3.1715 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4487.29 | 4487.59 | 4541.66 | 4463.03 |
| XAGUSD | 74.99 | 75.317 | 77.178 | 74.326 |