WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 9/7/2019 - Testing rebound, watch out Fibo retracement level
InvestorsDoctor
Publish date: Tue, 09 Jul 2019, 10:55 AM
InvestorsDoctor
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9/7/2019
WTI Crude Oil Aug 19
Previous Close: 57.37 -0.4
WTI down slightly yesterday as pressured by weaker stock market. Watch out for API weekly crude oil stock data on 430am tomorrow.
Hourly chart testing rebound from 56 support level, close above 58.50 to trigger more upside.
Classic Support & Resistance
Resistance: 58.46 60.28
Support: 56.04 54.52
Recommend Trading Plan for the day:
1. Buy 57.61, stop 57.48, profit 57.74/57.87/58
2. Sell 57.36, stop 57.49, profit 57.23/57.10/56.97
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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