WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 8/11/2019 - More to bullish as lifted by US-China trade hopes

InvestorsDoctor
Publish date: Fri, 08 Nov 2019, 12:12 PM
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8/11/2019
 
*WTI Crude Oil Dec 19*
 
Previous Close: 57.15 +0.8
 
Oil prices back to above 57 level yesterday after China hinted at progress towards a trade deal with US. 
 
4H chart entered range 55.80-57.90, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 58 59
Support: 55.8 55
 
 *Recommend Trading Plan for the day:* 
1. Sell 56.80, stop 56.93, profit 56.67/56.54/56.41
2. Buy 57.14, stop 57.01, profit 57.27/57.4/57.53
 
*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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