4/1/2019
*WTI Crude Oil Feb 19*
Previous Close: 47.09 +0.55
Oil closed above 47 level yesterday from signs that Saudi is cutting crude output and API showed decline in weekly crude oil stock. Watch out for EIA weekly crude oil stock data on 12am tomorrow.
Hourly chart showed crude oil retest 47 level but no confirm signal of rebound yet.
*Classic Support & Resistance*
Resistance: 48 49.59
Support: 45.35 44.37
*Recommend Trading Plan for the day:*
1. Look for buy signal above 47.26
2. Look for sell signal below 46.66
*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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