WTI Crude Oil Updates

10 Nov - WTI Trend Bullish, Eyes on Oil Rig Counts Tonight

InvestorsDoctor
Publish date: Fri, 10 Nov 2017, 02:18 PM
InvestorsDoctor
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Following Message
10/11/2017
 
WTI Crude Oil Dec 17
 
Previous Close: 57.17 +0.36
 
 
Oil prices rose yesterday, back to above 57, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia. Watch out for oil rig count data tonight.
 
Daily chart remains bullish, hourly chart enter consolidation, but MACD & RSI edging down, may trigger short term correction signal.
 
Price Level to monitor today:
Resistance: 57.92
Support: 56.41
 
Recommended Trading Plan Today:
1. Trade in range between 56.41-57.92
2. If expect for a correction, sell 56.96, stop 57.09, profit 56.83/56.73
 
WTI Oil Margin Requirement (per lot)
WTI Crude    : USD 2475
Mini Crude    : USD 1237.50
 

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Discussions
Be the first to like this. Showing 4 of 4 comments

m3379

http://www.worldoil.com/news/2017/11/8/oils-surge-toward-70-seen-dragging-it-down-later

2017-11-10 14:25

m3379

"oil at $60 will encourage hedging and spur shale producers to boost production by as much as 1.5 MMbpd in the second half of 2018, leading to lower prices in 2019"

2017-11-10 14:26

fatwealthprofit

Post removed.Why?

2017-11-10 14:55

Lim Tek Wai

Next week

2018-04-06 17:34

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