Highlights

WTI Crude Oil Updates

Author: InvestorsDoctor   |   Latest post: Fri, 22 Feb 2019, 10:29 AM

 

Daily Futures Commentaries: [WTI Crude Oil] 12/2/2019 - In technical correction but rebound stage intact, watch out for supply & demand data

Author:   |    Publish date:




12/2/2019

*WTI Crude Oil Mar 19*

Previous Close: 52.41 -0.3

Oil settled lower yesterday as weighed down by supply & demand and global economic growth concerns. Watch out for OPEC monthly report on 7pm tonight and API weekly crude oil stock on 530am tomorrow.

4H chart formed a break down from a h&s bearish signal, back to previous range, close below 50 to trigger more downside.

*Classic Support & Resistance*
Resistance: 54.30 55.75
Support: 50.38 48.31

*Recommend Trading Plan for the day:*
1. Buy 52.65, stop 52.50, profit 52.80/52.95.
2. Look for sell signal below 52.24.

*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4290
Mini Crude : USD 2145

Disclaimer: Idea sharing only, trade at your own risk.

Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!

https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg

Join our FREE channels to find out more on futures trading !!!

Telegram link:
https://t.me/investorsdoctoracademy

Facebook link:
https://m.facebook.com/investorsdoctoracademy

Or reach out to our contact number +601153537589

 

Share this

  Be the first to like this.
 


FEATURED EVENT
 

163  410  491  1095 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 IWCITY 0.64+0.05 
 SAPNRG 0.315-0.01 
 AAX 0.27-0.02 
 VS 0.985-0.035 
 SAPNRG-WA 0.1050.00 
 HSI-C3W 0.425-0.015 
 DNEX 0.335+0.01 
 SEACERA 0.3550.00 
 TATGIAP 0.10+0.01 
 HSI-H4Y 0.1650.00 

SPONSORED POSTS

1. Investment Bloggers Day 2019 MQ Trader Announcement!

TOP ARTICLES

1. PANTECH(5125) OR ALL-TECHNOLOGY STOCK IN THE OIL AND GAS SUPER BOOM TIME, CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
2. Why a second Special Dividend and more - Airasia Windfall Profit
3. The Bonuses of Airasia Windfall Profit
4. DIALOGUE (O&G Stock) : Will This Be Another QL RESOURCES DUTCH LADY OR NESTLE, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
5. This company got 5G network prospect + Mahathir factor, ready to punch all the way into glorious moment again Target Invest - We Target, We Invest
6. Price of Airasia Windfall Profit
7. FPI - Earnings dragged by higher operating cost (HLIB maintain BUY rating with TP of RM2.22) FPI 2大因素前景看好台灣聯友今年再 尋突破
8. CIMB's downward revision on Bumi Armada is weird - felicity Good Articles to Share
Partners & Brokers