WTI Crude Oil Intra-day Analysis 2nd Mar. 2021
Rebound Insight
Our Pivot: 59.50
Our Preference: Buy WTI above 60.20 with strict stop loss of 59.50 and profit target at 61.30 with extension towards 61.65.
Alternate Scenario: Downward penetration of 59.50 will call for 58.80 and 58.30.
NOTE: WTI is moving upward to retest neckline of its head & shoulder formation.
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 | 5.0476 | 5.0518 | 5.0881 | 4.9134 |
| USOil | 64.938 | 64.972 | 65.578 | 64.643 |
| UKOil | 67.631 | 67.691 | 68.344 | 67.349 |
| NGAS | 3.5321 | 3.5441 | 3.6009 | 3.516 |
| WHEATF | 541.95 | 543.05 | 548.43 | 540.57 |
| XAUUSD | 3334.22 | 3334.52 | 3350.5 | 3329.19 |
| XAGUSD | 36.522 | 36.553 | 36.854 | 36.218 |