13/11/2018
*WTI Crude Oil Dec 18*
Previous Close: 59.93 -0.26
Oil settled below 60, marked a 11th consecutive session of fall as US President said that oil price should be much lower based on supply.
Hourly chart formed more lower highs & lows, more to bearish, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 61.28 62.42
Support: 58.07 55.87
*Recommend Trading Plan for the day:*
1. Look for sell signal below 58.68.
2. Buy 59.14 for technical rebound, stop 58.92, profit 59.36/59.58.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3410
Mini Crude : USD 1705
Disclaimer: Idea sharing only, trade at your own risk.
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