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 | 6.3403 | 6.3445 | 6.3583 | 6.3279 |
| USOil | 88.903 | 88.967 | 89.918 | 88.643 |
| UKOil | 91.815 | 91.855 | 94.466 | 89.564 |
| NGAS | 3.1295 | 3.1415 | 3.1466 | 3.128 |
| WHEATF | 584.59 | 585.69 | 595.31 | 581.2 |
| XAUUSD | 4246.27 | 4246.57 | 4261.22 | 4232.34 |
| XAGUSD | 64.936 | 65.276 | 65.569 | 64.649 |