WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 3/10/2019 - Lower highs & lows to test 52 support level
InvestorsDoctor
Publish date: Thu, 03 Oct 2019, 10:54 AM
InvestorsDoctor
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3/10/2019
*WTI Crude Oil Nov 19*
Previous Close: 52.64 -0.98
Oil slid nearly 1 dollar to almost 2 month low yesterday on build of EIA weekly crude oil stock and dragged down by sharp fall in US stock market.
4H chart testing support in a sideway trend, close below 52 to trigger more downside.
*Classic Support & Resistance*
Resistance: 54.80 57
Support: 50.50 48
*Recommend Trading Plan for the day:*
1. Buy 52.94, stop 52.81, profit 53.07/53.2/53.33
2. Sell 52.40, stop 52.53, profit 52.27/52.14/52.01
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4950
Mini Crude : USD 2475
Disclaimer: For idea sharing only, trade at your own risk
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