24/4/2019
*WTI Crude Oil Jun 19*
Previous Close: 66.30 +0.75
Crude oil climbed to more than 6 month high as US decision to end Iranian crude waivers offset larger than expected build in weekly crude oil stock as reported by API. Watch out for EIA weekly data on 1030pm tonight
Daily & hourly chart formed higher highs & lows, more bullish, close above 66.6 for more upside, but watch out for RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 66.60 67.95
Support: 65.27 62.99
*Recommend Trading Plan for the day:*
1. Sell 65.86 for technical correction, stop 65.99, profit 65.73/65.6/65.47
2. Buy 66.05, stop 65.92, profit 66.18/66.31/66.44
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3740
Mini Crude : USD 1870
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