WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 18/4/2019 - In sideway, wait for breakout

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Publish date: Thu, 18 Apr 2019, 10:28 AM
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18/4/2019

 
*WTI Crude Oil Jun 19*
 
Previous Close: 63.87 -0.32
 
Crude oil declined slightly yesterday as EIA reported lesser withdraw in weekly crude oil stock as compare to API report. 
 
Hourly chart showed crude oil entered a sideway in a more to bullish trend, close above 64.71 for more upside while below 63 may trigger technical correction.
 
 *Classic Support & Resistance* 
Resistance: 64.71 66.11 68.36
Support: 63.15 61.62
 
 *Recommend Trading Plan for the day:* 
1. Sell 63.75, stop 63.87, profit 63.63/63.51/63.39
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 3740
Mini Crude : USD 1870
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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