![](/files/my/blog/img/bl3944_cl030119.png)
3/1/2019
*WTI Crude Oil Feb 19*
Previous Close: 46.54 +1.13
Oil rose about 2% yesterday as tracking slight recovery in US stock market. Watch out for API weekly crude oil stock on 530am tomorrow.
Hourly chart showed crude oil formed a triple bottom rebound signal from previous low of around 44.37 but retreat from its high this morning as dragged down by weakening index futures, close below 45.39 rebound signal likely come to an end.
*Classic Support & Resistance*
Resistance: 48 49.59
Support: 44.37 42.36
*Recommend Trading Plan for the day:*
1. Look for sell signal below 45.39
2. Look for buy signal above 46.18
*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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