23/11/2018

*WTI Crude Oil Jan 19*

Previous Close: 54.63

Oil traded in range during US holiday, testing 38.2 Fibo retracement level, close below 53.50 to trigger more downside, with overall trend more to bearish.

*Classic Support & Resistance*
Resistance: 55.86 57.96
Support: 52.77 50.70

*Recommend Trading Plan for the day:*
1. Look for technical rebound buy signal above 54.82.
2. Look for sell signal below 53.52.

*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3905
Mini Crude : USD 1952.50

Disclaimer: Idea sharing only, trade at your own risk.

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