WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 7/5/2019 - Testing rebound, watch out for weekly stock data
InvestorsDoctor
Publish date: Tue, 07 May 2019, 10:13 AM
InvestorsDoctor
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7/5/2019
*WTI Crude Oil Jun 19*
Previous Close: 62.25 +0.31
Crude oil reversed its previous losses and closed above 62 level as China will continue the trade talk with US, easing trade war tensions. Watch out for API weekly crude oil stock on 430am.
Hourly chart showed crude oil testing rebound from RSI bullish divergence, close above 63 for more upside.
*Classic Support & Resistance*
Resistance: 64.75 66.60
Support: 60.04 57.74
*Recommend Trading Plan for the day:*
1. Buy 62.42, stop 62.27, profit 62.57/62.72/62.87
2. Sell 62.08, stop 62.23, profit 61.93/61.78/61.63
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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