WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 3/7/2019 - Continue technical correction but watch out as RSI in oversold

InvestorsDoctor
Publish date: Wed, 03 Jul 2019, 10:32 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/


3/7/2019
 
*WTI Crude Oil Aug 19*
 
Previous Close: 56.25 -2.84
 
WTI fell more than 4% yesterday as concerns on oil demand offset OPEC+ extension on supply cut, some more pressured by lower than expected withdrawal in API weekly stock. Watch out for EIA weekly data on 1030pm tonight.
 
Hourly chart hit 2 week low, below 61.8 Fibo retracement level of swing 50.72-60.28, may trigger more technical correction  to 50-38.2 Fibo level.
 
 *Classic Support & Resistance* 
Resistance:  57.37 59.43
Support:  55.24 53.28
 
 *Recommend Trading Plan for the day:* 
1. Sell 56.23, stop 56.36, profit 56.10/55.97/55.84
2. Buy 56.79 for rebound, stop 56.66, profit 56.92/57.05/57.18
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4015
Mini Crude : USD 2007.50
 
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