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 | 6.655 | 6.6592 | 6.6639 | 6.6519 |
| USOil | 89.813 | 89.847 | 89.958 | 89.612 |
| UKOil | 101.12 | 101.16 | 101.356 | 97.054 |
| NGAS | 3.1145 | 3.1265 | 3.1296 | 3.1084 |
| WHEATF | 703.69 | 704.79 | 701.44 | 688.44 |
| XAUUSD | 4165.51 | 4165.81 | 4168.29 | 4161.52 |
| XAGUSD | 61.18 | 61.503 | 61.628 | 61.11 |