WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 21/10/2019 - Move in range, wait for more breakout

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Publish date: Mon, 21 Oct 2019, 10:54 AM
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21/10/2019
 
*WTI Crude Oil Dec 19*
 
Previous Close: 53.87 -0.16
 
Oil down slightly on last Friday as upside capped by weak US & China economic data.
 
Hourly chart continue to move in sideway to lower range from 51-55, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 55 57
Support: 52.50 51
 
 *Recommend Trading Plan for the day:* 
1. Buy 53.96, stop 53.83, profit 54.09/54.22/54.35
2. Sell 53.44, stop 53.57, profit 53.31/53.18/53.05
 
*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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