WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 10/10/2019 - Bearish weekly stock data limit price upside

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Publish date: Thu, 10 Oct 2019, 10:51 AM
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10/10/2019
 
*WTI Crude Oil Nov 19*
 
Previous Close: 52.59 -0.04
 
Oil back to above 52 level yesterday after bearish weekly crude oil stock data sent oil prices lower. 
 
4H chart entered tight range with technical indicators in neutral, 50-55 wait for more breakout.
 
 *Classic Support & Resistance* 
Resistance: 54 57
Support: 51 48
 
 *Recommend Trading Plan for the day:* 
1. Buy 52.63, stop 52.5, profit 52.76/52.89/53.02
2. Look for sell signal below 52
 
*WTI Oil Margin Requirement (per lot)* 
WTI Crude : USD 4950 
Mini Crude : USD 2475
 
Disclaimer: For idea sharing only, trade at your own risk
 
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