WTI Crude Oil Intra-day Analysis 1st Mar. 2021
Under Pressure
Our Pivot: 63.55
Our Preference: Short Sell WTI below 62.83 with strict stop loss of 63.55 and profit target at 61.50 with extension towards 60.90.
Alternate Scenario: Upward penetration of 63.55 will call for 63.90 and 64.20.
NOTE: WTI is moving downward after facing rejection from its correction on hourly chart and a strong resistant trend line on weekly and monthly charts.
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 | 5.046 | 5.0502 | 5.0881 | 4.9134 |
| USOil | 65.029 | 65.063 | 65.578 | 64.643 |
| UKOil | 67.719 | 67.779 | 68.344 | 67.349 |
| NGAS | 3.547 | 3.559 | 3.6009 | 3.516 |
| WHEATF | 543.56 | 543.92 | 548.43 | 540.57 |
| XAUUSD | 3333.25 | 3333.55 | 3350.5 | 3329.19 |
| XAGUSD | 36.503 | 36.536 | 36.854 | 36.218 |