21/11/2018
*WTI Crude Oil Jan 19*
Previous Close: 53.43 -3.33
Oil fell sharply last night to below 53 new low Oct 2017 despite API showed a declining weekly inventories. Watch out for EIA weekly crude oil stock tonight on 1130pm.
Hourly chart formed new lows, more to bearish, with now testing a RSI oversold rebound.
*Classic Support & Resistance*
Resistance: 57.96 59.35
Support: 52.77 50.70
*Recommend Trading Plan for the day:*
1. Buy 54.28 for technical rebound, stop 54.08, profit 54.48/54.68.
2. Look for sell signal below 53.90.
*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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