23/4/2019
*WTI Crude Oil Jun 19*
Previous Close: 65.55 +1.48
Crude oil jumped more than 2% yesterday to near 6 month high after US announced to end Iran oil sanction waivers. Watch out for API weekly data on 430am tomorrow.
Daily & hourly chart formed higher highs & lows, close above 66 for more upside, but watch out as RSI in overbought, may trigger some profit taking in short term.
*Classic Support & Resistance*
Resistance: 67.95 69.84
Support: 62.99 61.60
*Recommend Trading Plan for the day:*
1. Buy 66, stop 65.85, profit 66.15/66.30/66.45
2. Sell 65.26 for technical correction, stop 65.41, profit 65.11/64.96/64.81
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3740
Mini Crude : USD 1870
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