WTI Crude Oil Updates
09 Oct - WTI Crude, Lower Low to SELL!!
InvestorsDoctor
Publish date: Mon, 09 Oct 2017, 06:31 PM
InvestorsDoctor
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09/10/2017
Crude Oil Nov 17
Yesterday Close: 49.65 -1.14
As Tropical Storm Nate continued on its course toward the Gulf of Mexico on last Friday, energy companies shut down offshore oil and gas platforms, dragged down oil price towards closing. Russia had clarified and remarks on the oil market made by President Vladimir Putin earlier this week, said he did not propose for extending global oil output cut deal but did not denied the possibility.
Technically, Oil price break below 49.76 and formed lower low, rebound from 49.10 and testing 49.55 resistance. If break 49.55 posibility of rebound. Otherwise, break below 49.10 to trigger further sell signal.
Margin Requirement
Crude Oil USD 2640
Mini Crude Oil: USD 1320
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