WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 25/10/2019 - Continue rebound, above 56.50 for more upside
InvestorsDoctor
Publish date: Fri, 25 Oct 2019, 10:48 AM
InvestorsDoctor
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25/10/2019
*WTI Crude Oil Dec 19*
Previous Close: 56.23 +0.26
Oil prices extended its gains to above 56 level yesterday as supported by a surprise drop in US crude inventories and the prospect of further market supporting action by OPEC.
4H chart formed a breakout from sideway, close above 56.50 to trigger more upside.
*Classic Support & Resistance*
Resistance: 57 59.50
Support: 53.60 52.40
*Recommend Trading Plan for the day:*
1. Sell 55.93, stop 56.06, profit 55.8/55.67/55.54
*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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