WTI Crude Oil Intra-day Analysis 3rdFeb. 2021
Turning Down
Our Pivot: 55.30
Our Preference: Short sell below 53.00 with strict stop loss of 55.30 and profit target at 54.55 with extension towards 54.30.
Alternate Scenario: Upward penetration of 55.30 will call for 56.10.
NOTE: WTI is being capped by a descending trend line on hourly chart which would push it towards an intraday correction but overall sentiment is still bullish.
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 | 5.0598 | 5.064 | 5.0881 | 4.9134 |
| USOil | 65.299 | 65.333 | 65.578 | 64.643 |
| UKOil | 67.96 | 68.02 | 68.344 | 67.349 |
| NGAS | 3.5405 | 3.5525 | 3.6009 | 3.516 |
| WHEATF | 541.33 | 542.43 | 548.43 | 540.7 |
| XAUUSD | 3338.19 | 3339.01 | 3350.5 | 3329.19 |
| XAGUSD | 36.611 | 36.648 | 36.854 | 36.218 |