WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 27/12/2019 -More to bullish, above 62 for more upside
InvestorsDoctor
Publish date: Fri, 27 Dec 2019, 11:41 AM
InvestorsDoctor
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27/12/2019
*WTI Crude Oil Feb 20*
Previous Close: 61.68 +0.57
Oil prices were up about 1% yesterday to the highest in more than 3 month as boosted by bullish stock market and by a report showing lower US crude inventories.
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 62 62.50
Support: 61.50 61
*Recommend Trading Plan for the day:*
1. Buy 61.88, stop 61.75, profit 62.01/62.14/62.27
2. Sell 61.54, stop 61.67, profit 61.41/61.28/61.15
*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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