WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 2/7/2018 - Saudi Arabia agreed to increase more oil output, drag down oil price
InvestorsDoctor
Publish date: Mon, 02 Jul 2018, 10:33 AM
InvestorsDoctor
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2/7/2018
*WTI Crude Oil Aug 18*
Previous Close: 74.15 +0.7
Oil climbed on last Friday at a 3.5 years high, due to supply concern on US sanctions against Iran but retreat to below 74 this morning after Saudi Arabia agreed to increase production to cover supply shortfall.
Daily chart showed crude oil more to bullish but testing its uptrend channel line, may see some retracement from the level, while hourly chart show a potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 74.46 76.58
Support: 72.20 70.59
*Recommend Trading Plan for the day:*
1. Sell 73.33 for technical correction, stop 73.47, profit 73.19/73.05.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3025
Mini Crude : USD 1512.5
Disclaimer: Idea sharing only, trade at your own risk.
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!
Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)
Well, NOW is the time for you to understand more about FKLI Trading!
Come & Join us on 14th July 2018 from 2PM to 4PM at SI Academy.
IDA will discover together with You - What is FKLI............
https://goo.gl/forms/SyxDaLNwkuYagkA02
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