10/12/2018
*WTI Crude Oil Jan 19*
Previous Close: 52.61 +1.12
Oil prices surged more than 2% on last Friday after OPEC and its allies agreed to cut output by 1.2 million bpd during the first six months of 2019.
Hourly chart showed oil in sideway but turn to slightly bullish as technical indicators trending upside, wait for mroe breakout.
*Classic Support & Resistance*
Resistance: 54.55 55.86
Support: 50.60 49.41
*Recommend Trading Plan for the day:*
1. Buy 52.69 for technical rebound, stop 52.55, profit 52.83/52.97.
2. Look for sell signal below 52
*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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