WTI Crude Oil Updates

[Oil] - Bullish Data lifted Oil Price, Trader please BUY!!!

InvestorsDoctor
Publish date: Fri, 05 Jan 2018, 02:39 PM
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5/1/2018
 
WTI Crude Oil Feb 18
 
Previous Close: 62.01 +0.38
 
 
Oil rose on yesterday above 62, its highest since May 2015, on concern about supply risk due to unrest in Iran and surprisingly better than expected weekly US crude inventories reported by EIA. Watch out US oil rig count at tomorrow 2am.
 
Hourly chart show crude unable to sustain above 62, retreat from high as RSI overbought correction, may enter a side way from 61.59-62.21. Overall trend is bullish.
 
 Price Level to monitor today: 
Resistance: 62.21 62.58
Support: 61.59 60.75
 
 Recommended Trading Plan Today: 
1. Buy 62.04, stop 61.89, profit 62.20.
2. Watch out for further buy signal if break above 62.21.
3. If price retrace 1st, look for buy signal near range support around 61.59. 
 
 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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