WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 6/11/2019 - More to bullish but weak stock data may limit its upside
InvestorsDoctor
Publish date: Wed, 06 Nov 2019, 10:49 AM
InvestorsDoctor
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6/11/2019
*WTI Crude Oil Dec 19*
Previous Close: 57.23 +0.69
Oil prices rose more than 1% yesterday on optimism of US-China trade deal, but surprise build in API weekly crude oil stock likely to limit upside of oil prices. Watch out for EIA weekly data on 1130pm tonight.
Hourly chart formed higher highs & lows, more to bullish, close above 57.50 for more upside.
*Classic Support & Resistance*
Resistance: 57.5 58
Support: 56.30 55.80
*Recommend Trading Plan for the day:*
1. Sell 56.90, stop 57.03, profit 56.77/56.64/56.51
2. Look for buy signal above 57.50
*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
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