WTI Crude Oil Updates
[OIL Futures] - Price Remain Bullish
InvestorsDoctor
Publish date: Tue, 23 Jan 2018, 11:31 AM
InvestorsDoctor
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23/1/2018
Oil Mar 18
Previous Close: 63.57 +0.26
Oil settled higher on yesterday ahead of weekly crude data, but once fell during the session because of USD fluctuations and the restart of Libyan oil fields. Watch out for API weekly crude data tomorrow morning 535am.
Daily chart remains bullish with RSI overbought, may trigger a short term correction. Hourly chart show oil is in sideway to higher, between 62.85-64.89, wait for breakout.
Price Level to monitor today:
Resistance: 64.35 64.89
Support: 63.17 62.85
Recommend Trading Plan for the day:
1. If price retrace 1st, buy 63.88 or below, stop 63.73, profit 64.03.
WTI Crude : USD 2310
Mini Crude : USD 1155
Disclaimer: Idea for sharing purpose, trade at your own risk.
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