WTI Crude Oil Updates

30 Oct - WTI Price Remain Bullish, Heading 55.04

InvestorsDoctor
Publish date: Mon, 30 Oct 2017, 03:27 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/
Following Message

30/10/2017

WTI Crude Oil Dec 17

Yesterday Close: 54.20

Oil closed at 6 months high on Friday trading as comments from Saudi about ending a global supply glut. OPEC scheduled to meet officially at 30 November meeting.

Based on the hourly chart, oil price breakout from the “triangle” formation remain intact. Both price and RSI continue to make higher high and higher low. Fibonacci Analysis suggesting price target of 55.04, coincidently this price level was April high. Buyer please be cautious when price approach 55 level.

 

Price Level to monitor today:

Support: 53.64

Resistance 54.55 & 55.04 (April High)

 

Recommended Trading Plan Today:

1.            Buy if price make higher high 54.20, stop at the recent low, profit target based on 1 risk reward ratio.

2.            Not recommend to sell as price moving higher high higher low.

 

WTI Oil Margin Requirement (per lot)

WTI Crude    : USD 2475

Mini Crude    : USD 1237.50

 

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] 30/12/2019 -More to bullish, above 62 for more upside

Created by InvestorsDoctor | Dec 30, 2019

Daily Futures Commentaries: [WTI Crude Oil] 27/12/2019 -More to bullish, above 62 for more upside

Created by InvestorsDoctor | Dec 27, 2019

Daily Futures Commentaries: [WTI Crude Oil] 26/12/2019 - Resume to rebound stage, close above 61.40 for more upside

Created by InvestorsDoctor | Dec 26, 2019

Daily Futures Commentaries: [WTI Crude Oil] 24/12/2019 - Testing technical correction, below 60 for more downside

Created by InvestorsDoctor | Dec 24, 2019

Daily Futures Commentaries: [WTI Crude Oil] 23/12/2019 - Testing technical correction, below 60 for more downside

Created by InvestorsDoctor | Dec 23, 2019

Daily Futures Commentaries: [WTI Crude Oil] 20/12/2019 - Higher highs & lows, more to bullish, above 61.40 for more upside

Created by InvestorsDoctor | Dec 20, 2019

Daily Futures Commentaries: [WTI Crude Oil] 19/12/2019 - Higher highs & lows, more to bullish, above 61 for more upside

Created by InvestorsDoctor | Dec 19, 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 2 of 2 comments

einvest88

crude oil 55-56 not a big resistance compared with 52-53. 52-53 was the neckline that take so many months to breakthrough. 55-56 just the high of 1st wave. With crude oil price now confirm in 3rd wave...min target is 72...We will expect for whole of 2018 crude oil prices will be trending up min 72 possible 100+ if 3rd wave is extension wave...You will see crude oil breaking 147+ in 10-20 years time...before electrical car come in big way into the market.

2017-10-30 15:52

einvest88

One also need to look at Brent oil. WTI a bit laggard compared with Brent. Brent already breakthrough the last high of 59+ when Wti at 55-56..Now we should look at Brent next target at 70+ and Wti at 62+

2017-10-30 16:01

Post a Comment