WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 10/12/2019 - Watch out for weekly inventory data
InvestorsDoctor
Publish date: Tue, 10 Dec 2019, 10:54 AM
InvestorsDoctor
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10/12/2019
WTI Crude Oil Jan 20
Previous Close: 59.02 -0.18
Oil prices fell slightly yesterday after data showed Chinese exports declined for a fourth straight month, and some more pressured by weaker stock market. Watch out for API weekly crude oil data on 530am tomorrow.
Hourly chart formed higher highs & lows, may test to break out previous high, but be cautious of RSI bearish divergence.
Classic Support & Resistance
Resistance: 59.90 61
Support: 57.70 56.80
Recommend Trading Plan for the day:
1. Sell 58.80, stop 58.93, profit 58.67/58.54/58.41
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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