17/9/2019
*WTI Crude Oil Nov 19*
Previous Close: 62.67 +7.87
Oil soared 15% yesterday to 4 month high after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half. Watch out for API weekly data on 430am tomorrow.
Hourly chart formed a RSI bearish divergence, close below 58.62 likely testing to close downside gap.
*Classic Support & Resistance*
Resistance: 64 66.50
Support: 58.60 53.90
*Recommend Trading Plan for the day:*
1. Sell 61.21, stop 61.34, profit 61.08/60.95/60.82
2. Buy 62.06, top 61.93, profit 62.19/62.32/62.45
*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