WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 23/8/2019 - In range, wait for more breakout

InvestorsDoctor
Publish date: Fri, 23 Aug 2019, 10:49 AM
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23/8/2019
 
*WTI Crude Oil Oct 19*
 
Previous Close: 55.35 -0.33
 
Oil prices down slightly yesterday but still in range, as market wait for more catalyst. 
 
Hourly chart in range, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 56.50 57.40
Support: 54.80 53.50
 
 *Recommend Trading Plan for the day:* 
1. Trade in range 54.50-56.50
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4015
Mini Crude : USD 2007.50
 
Disclaimer: For idea sharing only, trade at your own risk
 
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