24/7/2019
*WTI Crude Oil Sep 19*
Previous Close: 56.77 +0.55
WTI prices increased 1% yesterday after API reported surprise draw in weekly crude oil inventories. Watch out for EIA weekly report on 1030pm tonight.
4H chart showed WTI move in between 38.2-61.8 Fibo retreacement level of swing 50.60-60.90, clsoe above 57.50 to trigger more rebound signal.
*Classic Support & Resistance*
Resistance: 58.30 60
Support: 54.70 53.30
*Recommend Trading Plan for the day:*
1. Buy 57.28, stop 57.15, profit 57.41/57.54/57.67
2. Sell 56.84 for technical correction, stop 56.97, profit 56.71/56.58/56.45
*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