WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 8/10/2019 - Testing rebound from inverted H&S bullish chart pattern

InvestorsDoctor
Publish date: Tue, 08 Oct 2019, 10:54 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/



8/10/2019

 
*WTI Crude Oil Nov 19*
 
Previous Close: 52.75 -0.06
 
Oil move in tight range yesterday as market focus on more result of US-China renewed trade talk. Watch out for API weekly crude oil stock data on 430am tomorrow.
 
Hourly chart formed an inverted head & shoulder bullish chart pattern to test rebound, close above 54 to trigger more downside,
 
 *Classic Support & Resistance* 
Resistance: 54 55
Support: 52 51
 
 *Recommend Trading Plan for the day:* 
1. Buy 53.08, stop 52.95, profit 53.21/53.34/53.47
2. Sell 52.98, stop 53.11, profit 52.85/52.72/52.59
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4950 
Mini Crude : USD 2475
 
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