WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 14/1/2019 - Enter technical correction, close below 51.20 to trigger more downside

InvestorsDoctor
Publish date: Mon, 14 Jan 2019, 10:24 AM
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14/1/2019

 
*WTI Crude Oil Feb 19*
 
Previous Close: 51.59 -1
 
Oil fell to below 52 on profit taking after market digest the positive sentiment of US-China trade talk.
 
4 hours chart formed a technical correction from RSI overbought but still sustain in a rebound stage.
 
 *Classic Support & Resistance* 
Resistance: 53.31 54.55
Support: 50.17 48.94
 
 *Recommend Trading Plan for the day:* 
1. Look for sell signal below 51.20.
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4702.5
Mini Crude : USD 2350.7
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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Discussions
Be the first to like this. Showing 1 of 1 comments

WangLingxin

thanks for sharing. looks good!

2019-01-14 10:32

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