29/1/2019
*WTI Crude Oil Mar 19*
Previous Close: 51.99 -1.7
Oil tumbled about 3% yesterday as dragged down by weak stock market and concerns over supply & demand. Watch out for API weekly crude oil stock on 530am tomorrow.
Hourly chart showed crude oil move in sideway range, once hit below 38.2 Fibo retracement level of swing 50.38-54.24 and rebound.
*Classic Support & Resistance*
Resistance: 52.86 54.24
Support: 51.33 50.38
*Recommend Trading Plan for the day:*
1. Look for buy signal above 52.29.
2. Look for sell signal below 51.84.
*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