29/11/2018
*WTI Crude Oil Jan 19*
Previous Close: 50.29 -1.27
Oil fell more than 2% last night after EIA reported a 10th straight week of US crude inventories build.
Hourly chart again retreated from 52 level and retest 50 level, close below 50 to trigger more downside.
*Classic Support & Resistance*
Resistance: 52.56 54.79
Support: 50.06 49.13
*Recommend Trading Plan for the day:*
1. Look for sell signal below 50.06
2. Look for techncial rebound buy signal above 51.04
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.5
Disclaimer: Idea sharing only, trade at your own risk.
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Created by InvestorsDoctor | Dec 31, 2019
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