WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 16/8/2019 - Entered range, wait for more breakout
InvestorsDoctor
Publish date: Fri, 16 Aug 2019, 10:22 AM
InvestorsDoctor
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16/8/2019
*WTI Crude Oil Oct 19*
Previous Close: 54.42 -0.83
Oil prices fell more than 1% yesterday, extending the previous session’s drop as pressured by mounting recession concerns and a surprise boost in US crude inventories.
Hourly chart entered range after a correction, wait for more breakout.
*Classic Support & Resistance*
Resistance: 55.30 57.40
Support: 53.80 52.30
*Recommend Trading Plan for the day:*
1. Look for buy signal above 55.40
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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