WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 20/8/2019 - Entered range, wait for more breakout
InvestorsDoctor
Publish date: Tue, 20 Aug 2019, 10:43 AM
InvestorsDoctor
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20/8/2019
*WTI Crude Oil Oct 19*
Previous Close: 56.14 +1.33
Oil prices rose more than 1 dollar yesterday as boosted by a rebound in stock market. Watch out for API weekly data on 430am tomorrow.
Hourly chart entered range after a correction, wait for more breakout.
*Classic Support & Resistance*
Resistance: 57.40 59
Support: 54.80 53.50
*Recommend Trading Plan for the day:*
1. Buy 56.33, stop 56.20, profit 56.46/56.59/56.72
2. Sell 55.88, stop 56.01, profit 55.75/55.62/55.49
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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