WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 25/2/2019 - Remain bullish with possible short term technical correction

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Publish date: Mon, 25 Feb 2019, 10:20 AM
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25/2/2019

 
*WTI Crude Oil Apr 19*
 
Previous Close: 57.26 +0.3
 
Oil hit its highest since mid Nov 18 on last Friday as boosted by US-China trade talk hopes.
 
hourly chart showed a RSI overbought correction, close below 56.64 to trigger more downside, yet overall trend remain bullish with higher highs & lows.
 
 *Classic Support & Resistance* 
Resistance: 57.81 58.70
Support: 56.64 55.44
 
 *Recommend Trading Plan for the day:* 
1. Look for technical correction sell signal below 57.
2. Look for buy signal above 57.81.
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4290
Mini Crude : USD 2145
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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