WTI Crude Oil Intra-day Analysis 18th Feb. 2021
Turning Down
Our Pivot: 62.60
Our Preference: Short sell below 61.95 with strict stop loss of 62.60 and profit target at 60.90 with extension towards 60.25.
Alternate Scenario: Upward penetration of 62.60 will call for 63.35.
NOTE: WTI is moving in a bullish price channel but right now it heading fro correction after a bearish engulfing on hourly 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 | 6.7379 | 6.7421 | 6.7788 | 6.7292 |
| USOil | 93.293 | 93.327 | 93.778 | 92.492 |
| UKOil | 104.469 | 104.509 | 107.055 | 103.084 |
| NGAS | 3.1105 | 3.1225 | 3.2444 | 3.0984 |
| WHEATF | 703.34 | 704.44 | 707.38 | 683.07 |
| XAUUSD | 4261.44 | 4261.74 | 4285.06 | 4257.47 |
| XAGUSD | 63.611 | 63.937 | 64.46 | 63.519 |