28/1/2019
*WTI Crude Oil Mar 19*
Previous Close: 53.69 +0.52
Oil edged higher on last Friday as boosted by geopolitical uncertainties, but surging US crude oil stock may limit its upside.
Hourly chart showed crude oil entering sideway in a rebound stage. Upside may be limited by potential RSI bearish divergence. Oil may continue to move in BB channel, wait for more breakout.
*Classic Support & Resistance*
Resistance: 54.98 56.10
Support: 51.86 50.66
*Recommend Trading Plan for the day:*
1. Look for buy signal above 53.94
2. Look for sell signal below 52.91
*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.
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://m.facebook.com/investorsdoctoracademy
Or reach out to our contact number +601153537589