30/11/2018
*WTI Crude Oil Jan 19*
Previous Close: 51.45 +1.16
Oil reversed with nearly 2% of gains yesterday as Russia had accepted the need to cut production ahead of OPEC meeting. Watch out US oil rig count on 2am tomorrow.
Hourly chart formed a strong rebound from below 50 for a RSI bullish divergence, close above 52.56 to trigger more upside.
*Classic Support & Resistance*
Resistance: 52.56 53.57
Support: 49.41 48
*Recommend Trading Plan for the day:*
1. Buy 51.63, stop 51.45, profit 51.81/51.99.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4510
Mini Crude : USD 2255
Disclaimer: Idea sharing only, trade at your own risk.
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our other channels to find out more about futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://m.facebook.com/investorsdoctoracademy