WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 28/1/2019 - Enter sideway but watch out for weakening technical indicators

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Publish date: Mon, 28 Jan 2019, 10:15 AM
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28/1/2019

 
*WTI Crude Oil Mar 19*
 
Previous Close: 53.69 +0.52
 
Oil edged higher on last Friday as boosted by geopolitical uncertainties, but surging US crude oil stock may limit its upside. 
 
Hourly chart showed crude oil entering sideway in a rebound stage. Upside may be limited by potential RSI bearish divergence. Oil may continue to move in BB channel, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 54.98 56.10
Support: 51.86 50.66
 
 *Recommend Trading Plan for the day:* 
1. Look for buy signal above 53.94
2. Look for sell signal below 52.91
 
*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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