WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 7/11/2019 - Bearish oil stock data sent price lower
InvestorsDoctor
Publish date: Thu, 07 Nov 2019, 10:52 AM
InvestorsDoctor
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7/11/2019
WTI Crude Oil Dec 19
Previous Close: 56.35 -0.88
Oil prices fell more than 1% yesterday as dragged down by larger than expected build in EIA weekly crude oil stock.
Hourly chart formed a sharp retracement from near 58 level, clsoe below 56 to enter correction stage.
Classic Support & Resistance
Resistance: 58 59
Support: 55 53.70
Recommend Trading Plan for the day:
1. Buy 56.60, stop 56.47, profit 56.73/56.86/56.99
2. Sell 56.10, stop 56.23, profit 55.97/55.84/55.71
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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More articles on WTI Crude Oil Updates
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Daily Futures Commentaries: [WTI Crude Oil] 17/12/2019 - Watch out for weekly stock data
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