1/3/2019

*WTI Crude Oil Apr 19*

Previous Close: 57.22 +0.28

WTI settled slightly higher yesterday as downside supported by more to bullish weekly crude oil stock data. Watch out for US oil rig count on 2am tomorrow.

Hourly chart showed oil continue to test rebound , close above 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. 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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