18/1/2019
*WTI Crude Oil Mar 19*
Previous Close: 52.36 -0.25
Please be noted that Feb 19 contract will be expired on 22/1, traders may choose to trade Mar 19 contract. Oil price steadied after OPEC monthly report sharply cut production in Dec 18 and supported by a rebound in US stock market. Watch out for IEA monthly report on 5pm today & US oil rig count on 2am tomorrow.
Hourly chart showed crude oil continue to trade in range 50.66-53.61 while technical indicators also more to neutral, wait for more breakout
*Classic Support & Resistance*
Resistance: 53.61 54.98
Support: 50.66 49.26
*Recommend Trading Plan for the day:*
1. Buy 53.05, stop 52.88, profit 53.22/53.39/53.56.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4702.5
Mini Crude : USD 2350.7
Disclaimer: Idea sharing only, trade at your own risk.
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Created by InvestorsDoctor | Dec 31, 2019
Created by InvestorsDoctor | Dec 18, 2019
Created by InvestorsDoctor | Dec 17, 2019
Hi @2fast4u !! thanks for the support too!! just feel free to reach out to us so we can exchange more insights on WTI
2019-01-22 10:02
2fast4u
thanks for sharing on wti
2019-01-18 11:54