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15/5/2019
*WTI Crude Oil Jun 19*
Previous Close: 61.78 +0.74
Please be noted that Jun 19 contract will be expired on next Tue 21/5, traders may choose to trade Jul 19. Oil prices rose over 1% yesterday as more to bullish OPEC monthly report and recovery in stock market outweighed more than expected inventory build, stated in API weekly data.
Hourly chart formed a false breakout again and back into previous range, wait for more breakout.
*Classic Support & Resistance*
Resistance: 63.33 64.75
Support: 60.04 57.74
*Recommend Trading Plan for the day:*
1. Buy 61.62, stop 61.5, profit 61.74/61.86/61.98
2. Sell 61.10, stop 61.22, profit 60.98/60.86/60.74
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3465
Mini Crude : USD 1732.5
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