WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 2/12/2019 - Drop 4% ahead of OPEC meeting
InvestorsDoctor
Publish date: Mon, 02 Dec 2019, 11:28 AM
InvestorsDoctor
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2/12/2019
*WTI Crude Oil Jan 20*
Previous Close: 55.17 -2.94
Oil prices dropped 4% before the OPEC meeting.
Hourly chart break down from short term sideway and test previous low, testing rebound from oversold now.
*Classic Support & Resistance*
Resistance: 56.60 58.80
Support: 54.80 53.70
*Recommend Trading Plan for the day:*
1. Buy 56.25, stop 56.12, profit 56.38/56.51/56.64
2. Sell 55.94, stop 56.07, profit 55.81/55.68/55.55
*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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