WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 26/11/2018 - Sharp fall to more than 1 year low ahead of OPEC meeting

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Publish date: Mon, 26 Nov 2018, 10:10 AM
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26/11/2018

 
*WTI Crude Oil Jan 19*
 
Previous Close: 50.42 -4.21
 
Oil slumped nearly 8% to more than 1 year low on worries of excess supply ahead of OPEC meeting. 
 
Hourly chart continue to be bearish with lower highs & lows, but watch out for potential RSI bullish divergence may trigger a short term technical rebound.
 
 *Classic Support & Resistance* 
Resistance: 51.69 53.57
Support: 49.10 47
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 50.10.
2. Look for technical rebound buy signal above 50.95.
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 3905
Mini Crude : USD 1952.50
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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