WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 24/6/2019 - Continue rebound from double bottom ,more to bullish
InvestorsDoctor
Publish date: Mon, 24 Jun 2019, 10:14 AM
InvestorsDoctor
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24/6/2019
*WTI Crude Oil Aug 19*
Previous Close: 57.43 +0.36
WTI rose nearly 1% on last Friday as supported by fears of tensions between US & Iran.
Crude oil continue rebound after a double bottom bullish pattern in daily chart, but be cautious of RSI bearish divergence in hourly chart.
*Classic Support & Resistance*
Resistance: 59.70 61.27
Support: 56.63 55.24
*Recommend Trading Plan for the day:*
1. Buy 57.96, stop 57.83, profit 58.09/58.22/58.35
2. Sell 57.61 for technical correction, stop 57.74, profit 57.48/57.35/57.22
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3795
Mini Crude : USD 1897.5
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