4/3/2019
*WTI Crude Oil Apr 19*
Previous Close: 55.80 -1.42
WTI fell around 2% on last Friday as concerns over global demand growth after weak US manufacturing data.
Hourly chart showed oil entered a range 55-58, wait for breakout. Aggressive traders may apply range trading setup in 55-58.
*Classic Support & Resistance*
Resistance: 56.67 57.88
Support: 55.02 54.24
*Recommend Trading Plan for the day:*
1. Buy 56.31 for technical rebound, stop 56.19, profit 56.43/56.55/56.67.
2. Sell 55.56, stop 55.68, profit 55.44/55.32/55.20.
*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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