31/7/2019
WTI Crude Oil Sep 19
Previous Close: 58.05 +1.18
WTI jumped more than 1% yesterday despite API reported below than expected crude oil stock draw. Watch out for EIA weekly data on 1030pm tonight.
4H chart showed WTI move in between 54-61, wait for more breakout.
Classic Support & Resistance
Resistance: 61 62
Support: 57 54.70
Recommend Trading Plan for the day:
1. Buy 58.50, stop 58.37, profit 58.63/58.76/58.89
2. Sell 57.97 for technical correction, stop 58.10, profit 57.84/57.71/57.58
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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