WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 14/8/2019 - Continue rebound, watch out for weekly data

InvestorsDoctor
Publish date: Wed, 14 Aug 2019, 11:32 AM
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14/8/2019
 
*WTI Crude Oil Sep 19*
 
Previous Close: 57.10 +2.17
 
WTI soared 4% on easing US-China trade tensions. Watch out for EIA weekly data on 1030pm tonight.
 
Hourly chart formed higher highs & lows, continue rebound, above 57.50 to trigger more upside.
 
 *Classic Support & Resistance* 
Resistance: 57.50 58.80
Support: 54.20 53.50
 
 *Recommend Trading Plan for the day:* 
1. Sell 56.50 for correction, stop 56.63, profit 56.31/56.24/56.11
2. Buy 56.86, stop 56.73, profit 56.99/57.12/57.25
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4015
Mini Crude : USD 2007.50
 
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