24/12/2018
*WTI Crude Oil Feb 19*
Previous Close: 45.59 -0.29
Oil extended its losses to nearly 1 & half year low on last Friday on supply & demand concerns, also dragged down by weak US stock market.
Both daily & hourly charts formed lower highs & lows, but watch out for potential RSI bullish divergence.
*Classic Support & Resistance*
Resistance: 46.77 48
Support: 43.65 42
*Recommend Trading Plan for the day:*
1. Buy 45.74 for technical rebound, stop 45.59, profit 45.89/46.04.
2. Look for sell signal below 45.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4702.5
Mini Crude : USD 2350.7
Disclaimer: Idea sharing only, trade at your own risk.
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