WTI Crude Oil Intra-day Analysis 1st Feb. 2021
Under Pressure
Our Pivot: 53.25
Our Preference: Short sell below 52.70 with strict stop loss of 53.25 and profit target at 52.00 with extension towards 51.60.
Alternate Scenario: Upward penetration of 53.25 will call for 53.80.
NOTE: WTI is moving in a bearish price channel and right now heading for a correction of its last bearish rally.
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 | 5.0484 | 5.0526 | 5.0881 | 4.9134 |
| USOil | 64.932 | 64.966 | 65.578 | 64.643 |
| UKOil | 67.62 | 67.68 | 68.344 | 67.349 |
| NGAS | 3.5216 | 3.5336 | 3.6009 | 3.516 |
| WHEATF | 541.21 | 542.31 | 548.43 | 540.57 |
| XAUUSD | 3332.57 | 3332.87 | 3350.5 | 3329.19 |
| XAGUSD | 36.483 | 36.515 | 36.854 | 36.218 |