28/2/2019
WTI Crude Oil Apr 19
Previous Close: 56.94 +1.44
Surprise withdraw in EIA weekly crude oil stock sent oil prices higher to test 57 level.
Hourly chart formed a strong rebound, close below 57.81 to trigger more upside.
Classic Support & Resistance
Resistance: 57.81 59.35
Support: 56.31 55.02
Recommend Trading Plan for the day:
1. Sell 56.88, stop 57.01, profit 56.75/56.62/56.49.
2. Buy 57.10, stop 56.99, profit 57.21/57.32.
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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