WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 22/4/2019 - Breakout from sideway, bullish and watch out for RSI overbought
InvestorsDoctor
Publish date: Mon, 22 Apr 2019, 10:36 AM
InvestorsDoctor
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22/4/2019
WTI Crude Oil Jun 19
Previous Close: 64.07 +0.20
Oil prices rose by more than 1% this morning, hit its highest since Nov 2018 as driven by reported pointed that US will end Iran oil sanction.
Daily & hourly chart formed higher highs & lows, but watch out as RSI in overbought, may trigger some profit taking in short term.
Classic Support & Resistance
Resistance: 69.84 72.70
Support: 61.49 57.74
Recommend Trading Plan for the day:
1. If price retrace, look for buy signal below 65
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 3740
Mini Crude : USD 1870
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