WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 14/11/2019 - Remain in range, wait for breakout
InvestorsDoctor
Publish date: Thu, 14 Nov 2019, 11:17 AM
InvestorsDoctor
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14/11/2019
WTI Crude Oil Dec 19
Previous Close: 57.12 +0.32
Oil back to above 57 yesterday after OPEC pointed that there is no signs of global recession and US production could grow by much less than expected in 2020.
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. Sell 57.02, stop 57.15, profit 56.89/56.76/56.63
2. Look for buy signal above 58
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4785
Mini Crude : USD 2392.50
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