What broker for trading oil?

Currently, almost all brokers already provide Oil trading as a CFD. When looking for a broker, simply look for the instruments section and make sure there is Oil/WTI/Brent in the commodities sector. Some examples of popular brokers in Indonesia that provide Oil include FBS, Exness, Octa, XM, and InstaForex.

@ denni suwito :
It is estimated to still be bearish as demand has not increased. EIA estimates the average price for this year: for WTI: USD 52.15/barrel and Brent Crude Oil: USD 59.50/barrel.

If you are trading WTI/USD (the following daily chart), it is currently consolidating around the 50.00 level with support from the simple moving average (sma) 50 with a bearish tendency (the RSI indicator is below the 50.0 level and the ADX is dominantly bearish). Enter sell if the sma 50 breaks.


I hope this helps.