WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 29/5/2019 - Testing rebound from 61.8 Fibo level, watch out 60 resistance level
InvestorsDoctor
Publish date: Wed, 29 May 2019, 10:00 AM
InvestorsDoctor
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29/5/2019
*WTI Crude Oil Jul 19*
Previous Close: 59.14 +0.51
Oil prices continue to test rebound after a sharp fall to test 57 level earlier. Watch out for API weekly crude oil stock at 530am tomorrow.
Hourly chart showed crude oil in testing rebound stage, lose above 60 to trigger more upside.
*Classic Support & Resistance*
Resistance: 61.56 63.81
Support: 57.33 54.52
*Recommend Trading Plan for the day:*
1. Sell 58.70, stop 58.83, profit 58.57/58.44/58.31
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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