21/6/2019
WTI Crude Oil Aug 19
Previous Close: 57.07 +3.1
WTI soared more than 5% yesterday after Iran shot down a US military drone, raising fears of geopolitical tension. Watch out for US oil rig count at 1am tomorrow.
4H chart indicated a strong breakout from previous sideway and hit near 1 month high, may continue rebound but be cautious as RSI in overbought.
Classic Support & Resistance
Resistance: 57.79 59.70
Support: 56.63 55.24
Recommend Trading Plan for the day:
1. Buy 57.80, stop 57.67, profit 57.93/58.06/58.19
2. Sell 57.22 for technical correction, stop 57.35, profit 57.09/56.96/56.83
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 3795
Mini Crude : USD 1897.5
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