WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 11/12/2018 - Back to sideway range
InvestorsDoctor
Publish date: Tue, 11 Dec 2018, 11:49 AM
InvestorsDoctor
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11/12/2018
WTI Crude Oil Jan 19
Previous Close: 51 -1.61
Oil fell nearly 3% yesterday as pressured by weakening stock market and concerns about growth in demand. Watch out for API weekly crude oil stock on 530am tomorrow.
Hourly chart showed oil failed to break out from sideway, back to range 49.41-54.55, wait for breakout.
Classic Support & Resistance
Resistance: 52.81 54.55
Support: 49.41 47
Recommend Trading Plan for the day:
1. Trade in range 50-52
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4015
Mini Crude : USD 2007.5
Disclaimer: Idea sharing only, trade at your own risk.
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