WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 17/6/2019 - In sideway, wait for more breakout
InvestorsDoctor
Publish date: Mon, 17 Jun 2019, 10:39 AM
InvestorsDoctor
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17/6/2019
*WTI Crude Oil Aug 19*
Previous Close: 52.77 +0.31
Please be noted Jul 19 will be expired on this Thursday 20/6, traders may choose to trade Aug 19 contract. WTI settled higher on last week after the attack on oil tankers in Gulf of Oman, but bearish oil supply & demand outlook limited its upside.
Hourly chart showed crude oil in a sideway 50.79-54.99, wait for breakout.
*Classic Support & Resistance*
Resistance: 53.67 55
Support: 51.95 50.79
*Recommend Trading Plan for the day:*
1. Trade in range 51.95-53.67
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3795
Mini Crude : USD 1897.5
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