WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 9/10/2019 - Bearish weekly stock data limit price upside

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Publish date: Wed, 09 Oct 2019, 10:50 AM
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9/10/2019

 
*WTI Crude Oil Nov 19*
 
Previous Close: 52.63 -0.12
 
Oil down slightly yesterday as pressured by surprise build in API weekly data and weakness in US stock market.
 
4H chart entered tight range with technical indicators in neutral, 50-55 wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 55 57
Support: 50.50 48
 
 *Recommend Trading Plan for the day:* 
1. Buy 52.67, stop 52.54, profit 52.80/52.93/53.06
2. Sell 52.32, stop 52.45, profit 52.19/52.06/51.93
 
*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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