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WTI Crude Oil Updates

Author: InvestorsDoctor   |   Latest post: Thu, 20 Jun 2019, 11:05 AM

 

Daily Futures Commentaries: [WTI Crude Oil] 13/5/2019 - Trade war tensions remain, but oil in sideway 60-63

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13/5/2019
 
*WTI Crude Oil Jun 19*
 
Previous Close: 61.66 -0.04
 
Crude was steady on last Friday but lower this morning after a resurfaced US-China trade tensions. 
 
Hourly chart showed a sideway from 60-63, wait for breakout. 
 
 *Classic Support & Resistance* 
Resistance:  62.95 64.75
Support:  60.92 60.04 
 
 *Recommend Trading Plan for the day:* 
1. Sell 61.50, stop 61.63, profit 61.37/61.24
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 3150
Mini Crude : USD 1575
 
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