WTI Crude Oil Updates

[Oil Futures] - Expect More Downside

InvestorsDoctor
Publish date: Wed, 14 Feb 2018, 10:47 AM
InvestorsDoctor
0 1,969
To get more information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/
Following Message
14/2/2018
 
WTI Crude Oil Apr 18
 
Previous Close: 59.03 -0.05
 
 
Crude oil Mar 18 contract will be expired on 20 Feb, traders may choose to trade Apr 18. Crude oil settled slightly lower yesterday after API reported a surprisingly increase of weekly crude inventories and IEA forecast crude supply this year could outstrip demand. Watch out today for EIA crude inventories at 1130pm.
 
Daily chart show crude oil enters a correction wave with technical indicators still crossing down. Hourly chart also pointed more downside, with next Fibo level at around 57.
 
 Price Level to monitor today: 
Resistance:   59.76 60.61 
Support:    58.26 57.90 57.49
 
 Recommend Trading Plan for the day: 
1. Wait for further entry signal.
2. If expect resistance holds, sell 59.18 or above, stop 59.38, profit 0.2 or above.
 
 WTI Oil Margin Requirement (per lot) 
WTI Crude : USD 2310
Mini Crude : USD 1155
 
Disclaimer: Idea for sharing purpose, trade at your own risk.
 
To get more information on local and foreign futures markets, join us on telegram & Facebook.


Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/

 

 

More articles on WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 31/12/2019 -Sideway to higher , wait for breakout

Created by InvestorsDoctor | Dec 31, 2019

Daily Futures Commentaries: [WTI Crude Oil] 30/12/2019 -More to bullish, above 62 for more upside

Created by InvestorsDoctor | Dec 30, 2019

Daily Futures Commentaries: [WTI Crude Oil] 27/12/2019 -More to bullish, above 62 for more upside

Created by InvestorsDoctor | Dec 27, 2019

Daily Futures Commentaries: [WTI Crude Oil] 26/12/2019 - Resume to rebound stage, close above 61.40 for more upside

Created by InvestorsDoctor | Dec 26, 2019

Daily Futures Commentaries: [WTI Crude Oil] 24/12/2019 - Testing technical correction, below 60 for more downside

Created by InvestorsDoctor | Dec 24, 2019

Daily Futures Commentaries: [WTI Crude Oil] 23/12/2019 - Testing technical correction, below 60 for more downside

Created by InvestorsDoctor | Dec 23, 2019

Daily Futures Commentaries: [WTI Crude Oil] 20/12/2019 - Higher highs & lows, more to bullish, above 61.40 for more upside

Created by InvestorsDoctor | Dec 20, 2019

Daily Futures Commentaries: [WTI Crude Oil] 19/12/2019 - Higher highs & lows, more to bullish, above 61 for more upside

Created by InvestorsDoctor | Dec 19, 2019

Daily Futures Commentaries: [WTI Crude Oil] 18/12/2019 - Watch out for weekly stock data

Created by InvestorsDoctor | Dec 18, 2019

Daily Futures Commentaries: [WTI Crude Oil] 17/12/2019 - Watch out for weekly stock data

Created by InvestorsDoctor | Dec 17, 2019

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment