WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 16/12/2019 - Testing 60 level

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Publish date: Mon, 16 Dec 2019, 11:44 AM
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16/12/2019
 
*WTI Crude Oil Feb 20*
 
Previous Close: 59.98 +0.92
 
Oil hit near 3 month high on last Friday as investors cheered progress in resolving the US-China trade dispute and a decisive general election result in Britain.
 
Hourly chart formed a sideway to higher trend, close above 60 for more upside.
 
 *Classic Support & Resistance* 
Resistance: 60.40 62
Support: 59 57.60
 
 *Recommend Trading Plan for the day:* 
1. Sell 59.60, stop 59.73, profit 59.47/59.34/59.21
2. Buy 59.85, stop 59.72, profit 59.98/60.11/60.24
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4125
Mini Crude : USD 2062.50
 
Disclaimer: For idea sharing only, trade at your own risk
 
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