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10/5/2019
*WTI Crude Oil Jun 19*
Previous Close: 61.70 -0.32
Crude oil pulled back from below 61 and hit above 62 this morning as market expects a positive deal in US-China trade talk. Watch out for US oil rig count on 1am tomorrow.
Hourly chart showed a sideway from 60-63, wait for breakout.
*Classic Support & Resistance*
Resistance: 62.95 64.75
Support: 60.92 60.04
*Recommend Trading Plan for the day:*
1. Sell 62.10, stop 62.25, profit 61.95/61.8/61.65
2. Buy 62.5, stop 62.35, profit 62.65/62.80
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3150
Mini Crude : USD 1575
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