WTI Crude Oil Updates

28 Nov - Oil Drop and awaiting Meeting Outcome

InvestorsDoctor
Publish date: Tue, 28 Nov 2017, 11:49 AM
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Following Message
28/11/2017
 
WTI Crude Oil Jan 18
 
Previous Close: 58.11 -0.84
 
 
Oil slide from 2 year high on prospects of higher supply from restart of Keystone crude pipeline and uncertainty of Russia to join production cut ahead of OPEC meeting.
 
Daily chart show a bearish engulfing yesterday, possible to go for further correction, with target at middle line of BB around 56.80. Wait today close below 57.75 or break lower low of 57.55 to confirm. Hourly chart also show technical indicators crossing down.
 
 Price Level to monitor today: 
Resistance: 58.37 59.05
Support: 57.33 56.33
 
 Recommended Trading Plan Today: 
1. Sell 57.79, stop 57.91, profit 57.68/57.58
 
 WTI Oil Margin Requirement (per lot) 
WTI Crude : USD 2475
Mini Crude : USD 1237.50
 
 Disclaimer: Idea for sharing, trade at your own risk.
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