WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 12/11/2018 - More lower highs & lows, but watch out for potential technical rebound
InvestorsDoctor
Publish date: Mon, 12 Nov 2018, 10:14 AM
InvestorsDoctor
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12/11/2018
*WTI Crude Oil Dec 18*
Previous Close: 60.19 -0.49
Oil fell nearly 1% on last Friday as global oil supply & demand concerns escalating.
Hourly chart formed more lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 62.42 64.14
Support: 58.07 55.87
*Recommend Trading Plan for the day:*
1. Sell 60.55, stop 60.71, profit 60.09/60.23.
2. Look for buy signal above 60.97.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3410
Mini Crude : USD 1705
Disclaimer: Idea sharing only, trade at your own risk.
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