![](/files/my/blog/img/bl3944_cl220719.png)
22/7/2019
*WTI Crude Oil Sep 19*
Previous Close: 55.76 +0.34
WTI closed slightly higher on last Friday for some technical rebound after days of selling.
Hourly chart showed crude oil rebounded from 38.2 Fibo retracement level of swing 50.90-61, which is also RSI bullish divergence, close above 56.50 to trigger double bottom bullish pattern.
*Classic Support & Resistance*
Resistance: 57.50 58.50
Support: 54.80 53.60
*Recommend Trading Plan for the day:*
1. Buy 56.61 for rebound, stop 56.48, profit 56.74/56.87/57
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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