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 | 6.7059 | 6.7101 | 6.7435 | 6.6866 |
| USOil | 86.679 | 86.713 | 87.098 | 86.132 |
| UKOil | 91.3 | 91.36 | 91.611 | 90.694 |
| NGAS | 2.9306 | 2.9426 | 2.9491 | 2.9085 |
| WHEATF | 772.58 | 773.68 | 780.18 | 766.69 |
| XAUUSD | 4433.18 | 4433.48 | 4461.7 | 4424.65 |
| XAGUSD | 66.477 | 66.799 | 67.238 | 65.929 |