WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 12/12/2019 - In sideway but upside were limited by bearish weekly stock data
InvestorsDoctor
Publish date: Thu, 12 Dec 2019, 11:15 AM
InvestorsDoctor
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12/12/2019
*WTI Crude Oil Jan 20*
Previous Close: 58.76 -0.48
Oil prices down to below 59 level yesterday as dragged down by surprise build in weekly crude oil stock.
Hourly chart formed a sideway to higher trend, close above 60 for more upside.
*Classic Support & Resistance*
Resistance: 59.90 61
Support: 57.70 56.80
*Recommend Trading Plan for the day:*
1. Sell 58.78, stop 58.91, profit 58.65/58.52/58.39
2. Buy 59, stop 58.87, profit 59.13/59.26/59.39
*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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