12/2/2019
*WTI Crude Oil Mar 19*
Previous Close: 52.41 -0.3
Oil settled lower yesterday as weighed down by supply & demand and global economic growth concerns. Watch out for OPEC monthly report on 7pm tonight and API weekly crude oil stock on 530am tomorrow.
4H chart formed a break down from a h&s bearish signal, back to previous range, close below 50 to trigger more downside.
*Classic Support & Resistance*
Resistance: 54.30 55.75
Support: 50.38 48.31
*Recommend Trading Plan for the day:*
1. Buy 52.65, stop 52.50, profit 52.80/52.95.
2. Look for sell signal below 52.24.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4290
Mini Crude : USD 2145
Disclaimer: Idea sharing only, trade at your own risk.
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Created by InvestorsDoctor | Dec 31, 2019
Created by InvestorsDoctor | Dec 18, 2019
Created by InvestorsDoctor | Dec 17, 2019