WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 23/12/2019 - Testing technical correction, below 60 for more downside
InvestorsDoctor
Publish date: Mon, 23 Dec 2019, 02:02 PM
InvestorsDoctor
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23/12/2019
*WTI Crude Oil Feb 20*
Previous Close: 60.44 -0.74
Oil fell on last Friday, but still managed to post its third straight week of gains amid the easing of US-Chinese trade tensions.
Hourly chart testing technical correction, close below 60 to trigger more downside.
*Classic Support & Resistance*
Resistance: 60.70 61.40
Support: 59.70 59.10
*Recommend Trading Plan for the day:*
1. Sell 60, stop 60.13, profit 59.87/59.74/59.61
2. Buy 60.28, stop 60.15, profit 60.41/60.54/60.67
*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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