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 | 6.677 | 6.6806 | 6.6989 | 6.5252 |
| USOil | 93.378 | 93.402 | 93.532 | 90.138 |
| UKOil | 95.779 | 95.819 | 96.074 | 92.805 |
| NGAS | 3.1661 | 3.1751 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4489.37 | 4490.27 | 4541.66 | 4463.03 |
| XAGUSD | 74.998 | 75.34 | 77.178 | 74.326 |