WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 12/11/2019 - Remain in range, wait for breakout
InvestorsDoctor
Publish date: Tue, 12 Nov 2019, 11:13 AM
InvestorsDoctor
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12/11/2019
*WTI Crude Oil Dec 19*
Previous Close: 56.86 -0.38
Oil settled slightly lower yesterday as pressured by weaker stock market.
4H chart entered range 55.80-57.90, wait for more breakout.
*Classic Support & Resistance*
Resistance: 58 58.5
Support: 55.8 55
*Recommend Trading Plan for the day:*
1. Buy 56.80, stop 56.67, profit 56.93/57.06/57.19
2. Sell 56.55, stop 56.68, profit 56.42/56.29/56.16
*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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