WTI Crude Oil Updates
06 Oct Crude Oil Relief from Sluggish
InvestorsDoctor
Publish date: Fri, 06 Oct 2017, 02:49 PM
InvestorsDoctor
0 1,969
To get more information on local and foreign futures markets, join us on telegram & Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
06/10/2017
Crude Oil Nov 17
Yesterday Close: 50.79 +0.81
Oil prices rosed yesterday on expectations that Saudi Arabia and Russia would extend production cuts, the U.S. exports at record high and the return of supply from Libyan oilfield dragged on oil price. Last night, WTI price broke higher high and hit 51.22 at day high, then retrace to 50.58.
Hourly chart show oil price rebound from fibonacci ratio 6.854 level, a level of potential reversal that we mentioned previously. From the same set up, we can clearly see price retrace from 3.618 fibo level. This is one of the proprietary Fibonacci tools that we using.
Price Level to monitor today:
Resistance: 51.22
Support: 50.58
Recommend Trading Plan for the day:
Waiting for further confirmation
WTI Oil Margin Requirement (per lot)
WTI Crude: USD 2640
Mini Crude: USD 1320
To get more information on local and foreign futures markets, join us on telegram & Facebook.
Join link: https://t.me/investorsdoctoracademy
Facebook: https://m.facebook.com/investorsdoctoracademy/
More articles on WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 31/12/2019 -Sideway to higher , wait for breakout
Created by InvestorsDoctor | Dec 31, 2019
Daily Futures Commentaries: [WTI Crude Oil] 18/12/2019 - Watch out for weekly stock data
Created by InvestorsDoctor | Dec 18, 2019
Daily Futures Commentaries: [WTI Crude Oil] 17/12/2019 - Watch out for weekly stock data
Created by InvestorsDoctor | Dec 17, 2019
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
2
3
BFM Podcast
4
5
BFM Podcast
6
Axcapital's investment blog
KAB - Executing its way to a record quarter. Could more Petronas contracts be coming?
7
Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin
8
Mercury Securities Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
