*WTI Crude Oil Mar 19*
Previous Close: 52.61 +0.34
Please be noted that Feb 19 contract will be expired on 22/1, traders may choose to trade Mar 19 contract. Oil settled slightly higher yesterday as supported by larger withdraw in EIA weekly crude oil stock data and a recovery in stock market. Watch out for OPEC monthly report on 7pm tonight.
Hourly chart showed crude oil continue to trade in range 50.66-53.61 while technical indicators also more to neutral, wait for more breakout
*Classic Support & Resistance*
Resistance: 52.81 53.61
Support: 51.55 50.66
*Recommend Trading Plan for the day:*
1. Sell 52, stop 52.16, profit 51.84/51.68.
2. Look for buy signal above 52.81.
*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.
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
Join our FREE channels to find out more on futures trading !!!
Or reach out to our contact number +601153537589
wti looks to be doing fine. will definitely keep an eye out