27/2/2019

*WTI Crude Oil Apr 19*

Previous Close: 55.50 +0.02

Oil was mostly unchanged yesterday as better than expected API weekly data offset US President's comment to OPEC to slow down production cut.

Hourly chart test for a RSI oversold technical rebound, wait for more breakout signal to confirm.

*Classic Support & Resistance*
Resistance: 56.36 57.81
Support: 55.02 54.24

*Recommend Trading Plan for the day:*
1. Buy 56.10, stop 55.99, profit 56.21/56.32/56.43.
2. Look for sell signal below 55.

*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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