WTI Crude Oil Updates
[Oil] - Watchout for API & EIA Data
InvestorsDoctor
Publish date: Wed, 03 Jan 2018, 12:41 PM
InvestorsDoctor
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3/1/2018
WTI Crude Oil Feb 18
Previous Close: 60.37 -0.05
Oil retreat from high yesterday, closed with nearly no changes, after major pipelines in Libya & UK restarted and soaring US crude production as reported in EIA monthly production report. Watch out for API US crude inventories data at 530am tomorrow.
Hourly chart's technical indicators are declining, may trigger a short term correction with overall trend still more to bullish.
Price Level to monitor today:
Resistance: 60.74
Support: 59.93 59.33
Recommended Trading Plan Today:
1. If expect for further correction, sell 60.40 or above, stop 60.55, profit 0.15 or above.
2. Look for buy signal if break higher high 60.74.
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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