WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 27/8/2019 - Watch out for weekly crude oil stock data for more movement

InvestorsDoctor
Publish date: Tue, 27 Aug 2019, 10:20 AM
To get more information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/


27/8/2019
 
*WTI Crude Oil Oct 19*
 
Previous Close: 53.64 -0.53
 
Oil prices edged lower yesterday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by growing hopes that the United States and China could make a deal to end their trade war. Watch out for API weekly data on 430am tomorrow.
 
Daily chart move in descending triangle pattern, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 55.30 57.50
Support: 53 50.50
 
 *Recommend Trading Plan for the day:* 
1. Buy 54.10, stop 53.97, profit 54.23/54.36/54.49
2. Sell 53.57, stop 53.7, profit 53.44/53.31/53.18
 
*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
 
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link: 
https://t.me/investorsdoctoracademy
 
Facebook link:
https://www.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589
More articles on WTI Crude Oil Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment