19/3/2019
*WTI Crude Oil May 19*
Previous Close: 59.38 +0.56
Crude oil edged higher as tracking gains in stock market. Watch out for API weekly crude oil stock on 430am tomorrow.
Hourly chart formed higher highs & lows, more to bullish, watch out for potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 61.44 62.56
Support: 58.03 57.08
*Recommend Trading Plan for the day:*
1. Buy 59.55, stop 59.39, profit 59.71/59.87/60.03.
2. Sell 59.18, stop 59.34, profit 59.02/58.86/58.70.
*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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