![](/files/my/blog/img/bl3944_cl260619.png)
26/6/2019
*WTI Crude Oil Aug 19*
Previous Close: 57.83 -0.07
WTI closed in flat yesterday as weakness in stock market offset lower than expected API weekly crude oil stock. Watch out for EIA weekly data on 1030pm tonight.
4H chart formed higher highs & lows to test 50% Fibo retracement level, close above 59 to trigger more upside, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 59.70 61.27 62.78
Support: 56.63 55.24
*Recommend Trading Plan for the day:*
1. Buy 59.04, stop 58.91, profit 59.17/59.3/59.43
2. Sell 58.66 for technical correction, stop 58.79, profit 58.53/58.4/58.27
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
Join us to discuss & trade together FKLI, FCPO, WTI Crude Oil, Comex Gold, Mini Dow Jones etc Futures markets !!!
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
Join our FREE channels to find out more on futures trading !!!
Telegram link:
https://t.me/investorsdoctoracademy
Facebook link:
https://www.facebook.com/investorsdoctoracademy
Or reach out to our contact number IDA Investors Doctor Academy
+601153537589