WTI Crude Oil Updates
[Oil Futures] - Price Pointed towards Downward
InvestorsDoctor
Publish date: Thu, 22 Feb 2018, 10:54 AM
InvestorsDoctor
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22/2/2018
WTI Crude Oil Apr 18
Previous Close: 61.68 -0.11
Crude oil hit higher after API reported a lower than expected crude inventories but later drop back after FOMC meeting minutes dragged down stock market. Watch out for EIA inventory report.
Daily & hourly charts' RSI declining and MACD below zero, expect to see more correction on oil price.
Price Level to monitor today:
Resistance: 61.86 62.74
Support: 59.72 58.07
Recommend Trading Plan for the day:
1. Sell 61.06, stop 61.26, profit 60.86/60.66.
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 2310
Mini Crude : USD 1155
Disclaimer: Idea for sharing purpose, trade at your own risk.
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