WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 28/2/2019 - Testing V shape rebound, close above 57.81 to trigger signal

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Publish date: Thu, 28 Feb 2019, 10:36 AM
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28/2/2019

 
WTI Crude Oil Apr 19
 
Previous Close: 56.94 +1.44
 
Surprise withdraw in EIA weekly crude oil stock sent oil prices higher to test 57 level. 
 
Hourly chart formed a strong rebound, close below 57.81 to trigger more upside.
 
 Classic Support & Resistance 
Resistance: 57.81 59.35
Support: 56.31 55.02
 
 Recommend Trading Plan for the day: 
1. Sell 56.88, stop 57.01, profit 56.75/56.62/56.49.
2. Buy 57.10, stop 56.99, profit 57.21/57.32.
 
WTI Oil Margin Requirement (per lot) 
WTI Crude : USD 4290
Mini Crude : USD 2145
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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