WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 26/8/2019 - US-China renewed trade tensions push down market
InvestorsDoctor
Publish date: Mon, 26 Aug 2019, 11:16 AM
InvestorsDoctor
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26/8/2019
*WTI Crude Oil Oct 19*
Previous Close: 54.17 -1.18
Oil prices fell on last Friday after China unveiled retaliatory tariffs against about $75 billion worth of US goods, sent US stock market lower.
Daily chart move in descending triangle patern, wait for more breakout.
*Classic Support & Resistance*
Resistance: 55 57
Support: 52 50.50
*Recommend Trading Plan for the day:*
1. Buy 53.69 for rebound, stop 53.56, profit 53.82/53.95/54.08
2. Look for sell signal below 53
*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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