6/3/2019

*WTI Crude Oil Apr 19*

Previous Close: 56.56 -0.03

Crude oil held near flat yesterday despite a more to bearish weekly crude oil stock data. Continue to watch out for EIA weekly data tonight on 1130pm.

Hourly chart showed oil remain in sideway, wait for breakout. Aggressive traders may apply range trading setup in 55-58.

*Classic Support & Resistance*
Resistance: 57.19 57.88
Support: 55.57 55.02

*Recommend Trading Plan for the day:*
1. Sell 56.08, stop 56.23, profit 55.93/55.78/55.63.
2. Buy 56.34, stop 56.19, profit 56.49/56.64/56.79.

*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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