Highlights

WTI Crude Oil Updates

Author: InvestorsDoctor   |   Latest post: Tue, 31 Dec 2019, 12:23 PM

 

Daily Futures Commentaries: [WTI Crude Oil] 26/12/2019 - Resume to rebound stage, close above 61.40 for more upside

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26/12/2019
 
*WTI Crude Oil Feb 20*
 
Previous Close: 61.11+0.59
 
Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue.
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
 
 *Classic Support & Resistance* 
Resistance: 62 62.50
Support: 60.50 60
 
 *Recommend Trading Plan for the day:* 
1. Buy 61.40, stop 61.27, profit 61.53/61.66/61.79
2. Sell 61.16, stop 61.29, profit 61.03/60.90/60.77
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4125
Mini Crude : USD 2062.50
 
Disclaimer: For idea sharing only, trade at your own risk
 
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