25/7/2019
*WTI Crude Oil Sep 19*
Previous Close: 55.88 -0.89
WTI declined more than 1% yesterday despite a big draw in crude inventories, as pressured by weaker US stock market.
4H chart showed WTI move in between 38.2-61.8 Fibo retreacement level of swing 50.60-60.90, close above 57.50 to trigger more rebound signal.
*Classic Support & Resistance*
Resistance: 57 58.40
Support: 54.70 53.30
*Recommend Trading Plan for the day:*
1. Buy 56.10 for rebound, stop 55.97, profit 56.23/56.36/56.49
2. Sell 55.85, stop 55.98, profit 55.72/55.59/55.46
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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