25/2/2019
*WTI Crude Oil Apr 19*
Previous Close: 57.26 +0.3
Oil hit its highest since mid Nov 18 on last Friday as boosted by US-China trade talk hopes.
hourly chart showed a RSI overbought correction, close below 56.64 to trigger more downside, yet overall trend remain bullish with higher highs & lows.
*Classic Support & Resistance*
Resistance: 57.81 58.70
Support: 56.64 55.44
*Recommend Trading Plan for the day:*
1. Look for technical correction sell signal below 57.
2. Look for buy signal above 57.81.
*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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