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Crude Oil WTI Mini Mar '21 (QMH21)

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Crude Oil WTI Mini Futures Market News and Commentary

Crude Settles Higher After Saudi Arabia Hikes Oil Prices

June WTI crude oil (CLM24) on Monday closed up +0.37 (+0.47%), and June RBOB gasoline (RBM24) closed up +3.31 (+1.30%).

Crude oil and gasoline prices on Monday settled moderately higher.  Sunday's action by Saudi Arabia to raise crude prices for delivery next month for Asian customers signals confidence in global energy demand and is bullish for crude prices.  Also, Monday's rally in the S&P 500 to a 3-week high shows confidence in the economic outlook that is positive for energy demand and crude prices.  Crude oil prices initially fell back Monday after Hamas said it would agree to a cease-fire proposal by Qatar and Egypt, although oil prices then gained after the close when Israel rejected that cease-fire proposal.

In a bullish factor for crude oil prices, Saudi Arabia's state-owned Aramco Sunday raised crude prices for June delivery to Asian customers by 90 cents a barrel, above the consensus of 60 cents.

Concerns about the intensification of the Hamas-Israel co... Read more

Contract Specifications

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Contract
E-Mini Crude Oil WTI
Contract Size
500 U.S. barrels (21,000 gallons)
Tick Size
2.5 cents per barrel ($12.50 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$500
Margin/Maintenance
$3,342/3,039
First Notice Date
02/19/21
Expiration Date
02/19/21 (expired)

Seasonal Chart

Crude Oil WTI Mini Mar '21
Average Price Chart for 5 Prior Mar Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
51.425 +15.20%
on 01/22/21
62.275 -4.87%
on 02/18/21
+6.260 (+11.82%)
since 01/19/21
3-Month
42.100 +40.71%
on 11/20/20
62.275 -4.87%
on 02/18/21
+16.900 (+39.91%)
since 11/19/20
52-Week
29.050 +103.92%
on 04/21/20
62.275 -4.87%
on 02/18/21
+6.350 (+12.01%)
since 02/19/20

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 61.818
2nd Resistance Point 61.047
1st Resistance Point 60.143
Last Price 59.240s
1st Support Level 58.468
2nd Support Level 57.697
3rd Support Level 56.793

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52-Week High 62.275
Last Price 59.240s
Fibonacci 61.8% 49.583
Fibonacci 50% 45.662
Fibonacci 38.2% 41.742
52-Week Low 29.050

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