![](/files/my/blog/img/bl3944_cl200219.png)
20/2/2019
*WTI Crude Oil Apr 19*
Previous Close: 56.45 +0.47
Oil settled higher yesterday on optimism of US-China trade talk. Watch out for API weekly crude oil stock data on 530am tomorrow.
4H chart formed a breakout from sideway which is also above 38.2 Fibo retracement level of swing 75.80-43.46 , more to bullish, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 57.96 59.35
Support: 55.29 54.20
*Recommend Trading Plan for the day:*
1. Buy 56.42, stop 56.29, profit 56.55/56.68/56.81.
*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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