Hi Satya,
The progesterone level is definitely low...I had two BTs on my first cycle of Clomid and one was 1.0 and the other was 2.1 and my FS said that both were low and showed no ovulation.

I searched on the net for you for info on Oestradiol and found the following:

The ovulatory mechanism also produces the two ovarian hormones, oestradiol and progesterone. Oestradiol is produced alone by the developing follicle before ovulation; it stimulates the glands of the cervix to secrete a particular type of mucus ("mucus with fertile characteristics") which is essential for the sperm to pass through the cervix and reach the ovum. Oestradiol also stimulates growth of the endometrium lining the uterus (womb). After ovulation, progesterone and oestradiol are produced by the corpus luteum which forms from the ruptured follicle. This progesterone causes the abrupt change in the mucus which occurs immediately after ovulation and defines the Peak symptom. Progesterone also prepares the oestrogen-primed endometrium for implantation of the fertilized ovum.
In the absence of pregnancy, production of oestradiol and progesterone begins to decline approximately 7 days after ovulation and this results in shedding of the endometrium as menstrual bleeding 11-16 days after ovulation.
What does the test result mean?
Increased or decreased levels of oestrogen are seen in many metabolic conditions. Care must be used in the interpretation of oestrone, oestradiol, and oestriol levels because their levels will vary on a day-to-day basis and throughout the menstrual cycle. If your doctor is monitoring your hormone levels, s/he will often be looking at trends in your levels, rising or falling over time, rather than at single values. It must be remembered that a diagnosis cannot be made solely based on one test result.

I couldn't find much on what it all meant actually....but maybe you should have another blood test to check the levels again?

Hope this Helps
SAM