WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 13/8/2019 - Continue rebound, watch out for weekly data

InvestorsDoctor
Publish date: Tue, 13 Aug 2019, 11:11 AM
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13/8/2019

 
*WTI Crude Oil Sep 19*
 
Previous Close: 54.93 +0.43
 
WTI rose yesterday despite worries about a global economic slowdown and the ongoing US-China trade war. Watch out for API weekly crude oil stock data on 430am tomorrow.
 
Hourly chart formed higher highs & lows, continue rebound, above 56 to trigger more upside.
 
 *Classic Support & Resistance* 
Resistance: 56 57.10
Support: 53.50 52
 
 *Recommend Trading Plan for the day:* 
1. Buy 55.20, stop 55.07, profit 55.33/55.46/55.59
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4015
Mini Crude : USD 2007.50
 
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