WTI Crude Oil Intra-day Analysis 22nd Feb. 2021
Under Pressure
Our Pivot: 60.90
Our Preference: Short sell as long as WTI is trading below 60.30 with strict stop loss of 60.90 and profit target at 59.30 with extension towards 58.75.
Alternate Scenario: Upward penetration of 60.90 will call for 61.65.
NOTE: WTI is trying to penetrate above a resistant trend line to create a cheat pattern.
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 | 4.6995 | 4.7037 | 4.7445 | 4.6153 |
| USOil | 58.463 | 58.487 | 59.877 | 57.718 |
| UKOil | 61.481 | 61.521 | 62.746 | 60.651 |
| NGAS | 3.643 | 3.652 | 3.6791 | 3.4136 |
| WHEATF | 543.06 | 543.42 | 547.19 | 530.2 |
| XAUUSD | 3239.27 | 3239.57 | 3269.71 | 3222.76 |
| XAGUSD | 31.95 | 32.08 | 32.742 | 31.918 |