WTI Crude Oil Intra-day Analysis 2ndFeb. 2021
Further Advance
Our Pivot: 53.20
Our Preference: Buy above 53.70 with strict stop loss of 53.20 and profit target at 54.35 with extension towards 54.60.
Alternate Scenario: Downward penetration of 53.20 will call for 52.80.
NOTE: WTI have penetrated its bearish price channel in bullish direction and heading towards its major resistant region at 54.60 where its being capped by a rising trend line on monthly chart.
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 | 6.7024 | 6.7066 | 6.7435 | 6.6866 |
| USOil | 86.709 | 86.743 | 87.098 | 86.132 |
| UKOil | 91.309 | 91.369 | 91.611 | 90.694 |
| NGAS | 2.932 | 2.944 | 2.9491 | 2.9085 |
| WHEATF | 772.95 | 774.05 | 780.18 | 766.69 |
| XAUUSD | 4432.74 | 4433.04 | 4461.7 | 4424.65 |
| XAGUSD | 66.451 | 66.774 | 67.238 | 65.929 |