WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 17/1/2019 - Moving into sideway, trade in range

InvestorsDoctor
Publish date: Thu, 17 Jan 2019, 10:06 AM
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17/1/2019

 
*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.
 
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Discussions
Be the first to like this. Showing 3 of 3 comments

WangLingxin

wti looks to be doing fine. will definitely keep an eye out

2019-01-17 10:13

Joseph

interesting. would like to know more

2019-01-17 10:53

InvestorsDoctor

Hi @WangLingxin @Joseph ! Thanks for the support! Feel free to reach out to our FB/mobile contact if you wish to know more!

2019-01-17 11:20

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