Highlights

WTI Crude Oil Updates

Author: InvestorsDoctor   |   Latest post: Tue, 23 Apr 2019, 10:17 AM

 

Daily Futures Commentaries: [WTI Crude Oil] 14/3/2019 - 4 month high, bullish, watch out RSI overbought

Author:   |    Publish date:




14/3/2019

*WTI Crude Oil Apr 19*

Previous Close: 58.26 +1.39

Please be noted that Apr 19 contract will be expired on next Wed 20/3, traders may choose to trade May 19. Oil hit 4 months high to above 58 last night as boosted by more to bullish EIA weekly data. Watch out for OPEC monthly report on 7pm.

Daily chart formed higher highs & lows, inverted H&S rebound signal resumed, with potentially more upside to test 50-61.8 Fibo retracement level of swing 76.9-42.36 around 59.63/63.71. Be cautious as hourly chart in RSI overbought.

*Classic Support & Resistance*
Resistance: 59.35 61.28
Support: 56.77 54.52

*Recommend Trading Plan for the day:*
1. Buy 58.50, stop 58.37, profit 58.63/58.76/58.89.
2. Sell 58.25 for technical correction, stop 58.38, profit 58.12/57.99/57.86.

*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.
 


 

283  114  440  1372 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 BARAKAH 0.105+0.01 
 PWORTH 0.075+0.005 
 EKOVEST 0.895+0.025 
 ARMADA 0.205+0.005 
 IMPIANA 0.045-0.01 
 TDM 0.23+0.03 
 EKOVEST-WB 0.40+0.03 
 IWCITY 1.21+0.03 
 SAPNRG 0.330.00 
 SALCON-WB 0.10+0.005 
Partners & Brokers