WTI Crude Oil Intra-day Analysis 3rdFeb. 2021
Turning Down
Our Pivot: 55.30
Our Preference: Short sell below 53.00 with strict stop loss of 55.30 and profit target at 54.55 with extension towards 54.30.
Alternate Scenario: Upward penetration of 55.30 will call for 56.10.
NOTE: WTI is being capped by a descending trend line on hourly chart which would push it towards an intraday correction but overall sentiment is still bullish.
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 | 6.7104 | 6.7146 | 6.7435 | 6.6866 |
| USOil | 86.614 | 86.648 | 87.098 | 86.132 |
| UKOil | 91.219 | 91.279 | 91.611 | 90.694 |
| NGAS | 2.9316 | 2.9436 | 2.9491 | 2.9085 |
| WHEATF | 772.82 | 773.92 | 780.18 | 766.69 |
| XAUUSD | 4434.38 | 4434.68 | 4461.7 | 4424.65 |
| XAGUSD | 66.515 | 66.836 | 67.238 | 65.929 |