WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 24/10/2019 - Breakout and triggered rebound signal
InvestorsDoctor
Publish date: Thu, 24 Oct 2019, 11:17 AM
InvestorsDoctor
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23/10/2019
*WTI Crude Oil Dec 19*
Previous Close: 55.97 +1.49
Oil rose more than 2% yesterday after EIA weekly report showed a surprise draw in crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.
4H chart formed a breakout from sideway, close above 56 to trigger more upside.
*Classic Support & Resistance*
Resistance: 57 59.50
Support: 52.40 51
*Recommend Trading Plan for the day:*
1. Sell 55.44, stop 55.57, profit 55.31/55.18/55.05
2. Buy 56.08, stop 55.95, profit 56.21/56.34/56.47
*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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More articles on WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 31/12/2019 -Sideway to higher , wait for breakout
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Daily Futures Commentaries: [WTI Crude Oil] 18/12/2019 - Watch out for weekly stock data
Created by InvestorsDoctor | Dec 18, 2019
Daily Futures Commentaries: [WTI Crude Oil] 17/12/2019 - Watch out for weekly stock data
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