WTI Crude Oil Updates
[Oil] - Potential of More Up Side
InvestorsDoctor
Publish date: Thu, 04 Jan 2018, 02:52 PM
InvestorsDoctor
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4/1/2018
WTI Crude Oil Feb 18
Previous Close: 61.63 +1.26
Oil hit new high yesterday, closed above 61 for 1st time in 2.5 years, led by concerns over protests in Iran offset below expectation's API weekly crude inventories.
Hourly chart' show higher highs & lows with bullish technical indicators. Trend likely to test higher but watch out for potential RSI overbought correction.
Price Level to monitor today:
Resistance: 62.58
Support: 61.5 61.23 60.75
Recommended Trading Plan Today:
1. Buy higher high 61.97, stop 61.84, profit 62.10 or above.
2. If expect for a correction, sell 61.75, stop 61.93, profit 61.57 or lower.
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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2018-01-04 16:06