WTI Crude Oil Intra-day Analysis 2ndFeb. 2021
Further Advance
Our Pivot: 53.20
Our Preference: Buy above 53.70 with strict stop loss of 53.20 and profit target at 54.35 with extension towards 54.60.
Alternate Scenario: Downward penetration of 53.20 will call for 52.80.
NOTE: WTI have penetrated its bearish price channel in bullish direction and heading towards its major resistant region at 54.60 where its being capped by a rising trend line on monthly chart.
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 | 5.0499 | 5.0541 | 5.0881 | 4.9134 |
| USOil | 65.259 | 65.293 | 65.578 | 64.643 |
| UKOil | 67.916 | 67.976 | 68.344 | 67.349 |
| NGAS | 3.5366 | 3.5486 | 3.6009 | 3.516 |
| WHEATF | 540.59 | 541.69 | 548.43 | 540.57 |
| XAUUSD | 3335.96 | 3336.26 | 3350.5 | 3329.19 |
| XAGUSD | 36.547 | 36.582 | 36.854 | 36.218 |