WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 27/11/2019 - Testing breakout from sideway, watch out for weekly oil stock data
InvestorsDoctor
Publish date: Wed, 27 Nov 2019, 10:50 AM
InvestorsDoctor
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27/11/2019
WTI Crude Oil Jan 20
Previous Close: 58.41 +0.4
Oil prices edged higher yesterday as supported by lower than expected weekly crude oil stock, reported by API. Watch out for EIA weekly crude oil stock data on 1130pm tonight.
Hourly chart move into range 57-59, wait for more breakout.
Classic Support & Resistance
Resistance: 58.80 59.50
Support: 57.20 56.60
Recommend Trading Plan for the day:
1. Sell 58.15, stop 58.28, profit 58.02/57.89/57.76
2. Buy 58.31, stop 58.18, profit 58.44/58.57/58.70
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4400
Mini Crude : USD 2200
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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