WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 4/6/2019 - Below 52 for more downside, watch out for weekly crude oil stock data

InvestorsDoctor
Publish date: Tue, 04 Jun 2019, 10:45 AM
To get more information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


4/6/2019
 
*WTI Crude Oil Jul 19*
 
Previous Close: 53.25 -0.25
 
Oil down slightly yesterday as US trade disputes with Mexico and China deepened concerns about weakening global crude demand. Watch out for API weekly crude oil stock on 530am tomorrow.
 
Daily chart triggered a breakdown from head & shoulder bearish pattern, close below 52 to trigger more downside, but be cautious as RSI in oversold.
 
 *Classic Support & Resistance* 
Resistance:  54.63 56.61
Support:  50.38 48.11
 
 *Recommend Trading Plan for the day:* 
1. Buy 53.43 for technical rebound, stop 53.30, profit 53.56/53.69
2. Sell 52.85, stop 52.98, profit 52.72/52.59
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 3465
Mini Crude : USD 1732.5
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
More articles on WTI Crude Oil Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment