Highlights

WTI Crude Oil Updates

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

 

Daily Futures Commentaries: [WTI Crude Oil] 31/12/2019 -Sideway to higher , wait for breakout

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31/12/2019
 
WTI Crude Oil Feb 20
 
Previous Close: 61.68 -0.04
 
Oil was traded in flat yesterday as market stay cautious ahead of holiday.
 
Hourly chart formed higher highs & lows, more to bullish, above 62.30 for more upside.
 
 Classic Support & Resistance 
Resistance: 62.40 63
Support: 61 60.50
 
 Recommend Trading Plan for the day: 
1. Sell 61.50, stop 61.63, profit 61.37/61.24/61.11
2. Buy 61.85, stop 61.72, profit 61.98/62.11/62.24
 
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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