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Thursday, 14 January 2016

US Light Crude Oil Technical Analysis For Your Learning : 14 January 2016, Thursday, 10.34am Singapore Time


Attached above is the 4-hourly chart for US Light Crude Oil (WTI Oil).

Shorted the February-expiry and March-expiry Crude Oil Market when the suppression resistance was enforced by technicals (see technical chart above).

Took profits now considering markets failed to capitalise on overnight USD slight bullishness to break down the support of the oil prices caused by the past 6 candles in the 4-hourly chart.

Above are the profits in US Dollar ($) and Singapore Dollar (SD).
Below are the profits converted into SGD.



Profits in this trade:
 + $S 12,702 SGD

Cumulative:
S$ 24,728 + S$12,702
= S$37, 430 SGD

Trading Journal:


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