WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 27/11/2018 - Technical rebound but still under concerns of excess supply

InvestorsDoctor
Publish date: Tue, 27 Nov 2018, 11:11 AM
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/



27/11/2018

 
*WTI Crude Oil Jan 19*
 
Previous Close: 51.63 +1.21
 
Oil rebounded more than 2% yesterday on technical buying and as tracking recovery in index market. Watch out for API weekly crude oil stock on 530am tomorrow.
 
Hourly chart showed a technical rebound from RSI bullish divergence, but not confirm bullish signal yet as MACD & RSI still below neutral level, required oil price to close above 53.66 to trigger more upside. 
 
 *Classic Support & Resistance* 
Resistance: 52.25 53.57
Support: 50.10 49.13
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 50.72
2. Look for technical rebound buy signal above 52.25
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4015
Mini Crude : USD 2007.5
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our other channels to find out more about futures trading !!!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link:
https://m.facebook.com/investorsdoctoracademy
More articles on WTI Crude Oil Updates
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment