WTI Crude Oil Updates

[Crude Oil Futures] - Overall Trend Remain Bullish

InvestorsDoctor
Publish date: Mon, 15 Jan 2018, 02:05 PM
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Following Message
15/1/2018
 
WTI Crude Oil Feb 18
 
Previous Close: 64.30 +0.5
 
 
Please be noted that Feb 18 contract's last trading day will be on 22 Jan. Oil rose to above 64 last Friday after Russia oil minister said that global crude supplies were not balanced yet, offset market concerns about a wind down of the OPEC production cut. 
 
Daily chart show crude in RSI overbought with overall trend is bullish. Hourly chart show crude sustain above 63, entering into range trading and will trigger further rally signal if break above previous high  64.77.
 
 Price Level to monitor today: 
Resistance: 64.77 65
Support: 63.06 62.56
 
 Recommended Trading Plan Today: 
1. Wait for further entry signal.
 
 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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