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15/7/2019
*WTI Crude Oil Aug 19*
Previous Close: 60.21 +0.01
Oil was almost unchanged on last Friday and slightly lower this morning on profit taking.
Hourly chart showed crude oil retreated from RSI overbought which is also around 61.8 Fibo retracement level of swing 66.60-50.60, close below 60 to see more technical selling.
*Classic Support & Resistance*
Resistance: 61 64
Support: 58.50 56
*Recommend Trading Plan for the day:*
1. Sell 59.85 for technical correction, stop 59.98, profit 59.73/59.60/59.47
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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