WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 30/5/2019 - Testing rebound from 61.8 Fibo level, watch out 60 resistance level
InvestorsDoctor
Publish date: Thu, 30 May 2019, 10:58 AM
InvestorsDoctor
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30/5/2019
*WTI Crude Oil Jul 19*
Previous Close: 58.81 -0.33
Oil prices pulled back from losses below 57 after API reported bigger than expected draw of weekly crude stock. Watch out for EIA weekly data on 11pm tonight.
Hourly chart formed a false breakout below 57.33, back to previous range, close above 60 for more rebound signal.
*Classic Support & Resistance*
Resistance: 61.56 63.81
Support: 56.88 54.52
*Recommend Trading Plan for the day:*
1. Look for buy signal above 59.57
2. Sell 58.82, stop 58.95, profit 58.69/58.56/58.43
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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More articles on WTI Crude Oil Updates
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