![](/files/my/blog/img/bl3944_cl040719.png)
4/7/2019
*WTI Crude Oil Aug 19*
Previous Close: 57.34 +1.09
WTI edged higher yesterday as supported by bullish stock market, but upside limited by lower than expected draw in EIA weekly crude oil stock.
Hourly chart testing technical rebound from RSI oversold, close below 56 will trigger more technical correction
*Classic Support & Resistance*
Resistance: 59.43 60.28
Support: 55.24 53.28
*Recommend Trading Plan for the day:*
1. Trade in range 56-58
*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