WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 26/4/2019 - Break down from sideway, watch out for potential technical correction

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Publish date: Fri, 26 Apr 2019, 10:55 AM
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26/4/2019

 
*WTI Crude Oil Jun 19*
 
Previous Close: 65.21 -0.68
 
Crude oil eased lower to test 65 level as pressured by weaker US stock market and raising US weekly crude oil stock. Watch out for US oil rig count on 1am tomorrow.
 
Hourly chart formed a break down from double top bearish pattern, close below 64.70 to trigger more downside, but be cautious as RSI in oversold.
 
 *Classic Support & Resistance* 
Resistance: 65.83 66.60
Support: 63.83 62.99 
 
 *Recommend Trading Plan for the day:* 
1. Sell 64.70, stop 64.85, profit 64.55/64.4/64.25
2. Buy 65.20, stop 65.05, profit 65.35/65.50/65.65
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 3740
Mini Crude : USD 1870
 
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