WTI Crude Oil Updates
[Oil] - Above 60 since 2015, Likely to go Higher
InvestorsDoctor
Publish date: Tue, 02 Jan 2018, 11:39 AM
InvestorsDoctor
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WTI Crude Oil Feb 18
Previous Close: 60.42 +0.58
Oil marked another higher high, closed above 60 on last week as the 1st time since mid 2015, supported by strong demand from China and declining global inventories, as reported by Reuters.
Hourly chart's technical indicators are more to bullish with more higher highs & lows, trend expected to test further upside with buy signal.
Price Level to monitor today:
Resistance: 62.58
Support: 59.93 59.33
Recommended Trading Plan Today:
1. Look for buy signal if break above 60.73.
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 2310
Mini Crude : USD 1155
Disclaimer: Idea for sharing, trade at your own risk.
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