WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 5/11/2019 - Retreat from above 57, watch out for weekly stock data

InvestorsDoctor
Publish date: Tue, 05 Nov 2019, 11:24 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/


5/11/2019
 
*WTI Crude Oil Dec 19*
 
Previous Close: 56.54 +0.34
 
Oil prices erased its gains from above 57.40 to near 56.50 level, yet slightly higher than previous session close as supported by bullish stock market and optimism on US-China trade deal. Watch out for API weekly crude oil stock data on 530am.
 
Hourly chart formed higher highs & lows, more to bullish, close above 57.40 for more upside.
 
 *Classic Support & Resistance* 
Resistance: 57.4 58
Support: 55.80 55
 
 *Recommend Trading Plan for the day:* 
1. Buy 56.60, stop 56.47, profit 56.73/56.86/56.99
2. Sell 56.30, stop 56.43, profit 56.17/56.04/55.91
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4785 
Mini Crude : USD 2392.50
 
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