WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 6/12/2019 - Above 59 level to trigger more upside
InvestorsDoctor
Publish date: Fri, 06 Dec 2019, 10:26 AM
InvestorsDoctor
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6/12/2019
*WTI Crude Oil Jan 20*
Previous Close: 58.43 +2.33
Oil closed in flat yesterday as market pending the decision from OPEC on its production policy.
Hourly chart formed a breakout to test 59 resistance level, wait for more breakout.
*Classic Support & Resistance*
Resistance: 59.50 62
Support: 56.80 55
*Recommend Trading Plan for the day:*
1. Buy 58.50, stop 58.37, profit 58.63/58.76/58.89
2. Sell 58.27, stop 58.40, profit 58.14/58.01/57.88
*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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