WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 28/11/2019 - Back to range on slightly bearish weekly crude oil stock data

InvestorsDoctor
Publish date: Thu, 28 Nov 2019, 11:01 AM
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28/11/2019
 
*WTI Crude Oil Jan 20*
 
Previous Close: 58.11 -0.30
 
Oil prices were under pressure yesterday on slightly bearish EIA weekly crude oil stock data. 
 
Hourly chart move into range 57-59, wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 58.80 59.20
Support: 57.20 56.60
 
 *Recommend Trading Plan for the day:* 
1. Sell 57.80, stop 57.93, profit 57.67/57.54/57.41
2. Buy 58.15, stop 58.02, profit 58.28/58.41/58.54
 
*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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