WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 27/5/2019 - Below 57.33 to trigger more downside
InvestorsDoctor
Publish date: Mon, 27 May 2019, 10:23 AM
InvestorsDoctor
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27/5/2019
*WTI Crude Oil Jul 19*
Previous Close: 58.63 +0.72
Oil prices climbed more than 1% on last Friday for rebound after a sharp fall to below 58.
Daily chart showed crude oil remain at 2 month low, more to bearish, below 57.33 to trigger more downside.
*Classic Support & Resistance*
Resistance: 61.56 63.78
Support: 57.33 54.52
*Recommend Trading Plan for the day:*
1. Look for buy signal above 59.10
2. Sell 58.50, stop 58.63, profit 58.37/58.24
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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