2/8/2019
*WTI Crude Oil Sep 19*
Previous Close: 53.95 -4.63
Oil plunges the most in 4 years after Trump's new China tariffs raise fears of a global slowdown.
Hourly chart testing for rebound from RSI oversold, close below 54 to trigger more downside.
*Classic Support & Resistance*
Resistance: 57 59
Support: 53 51
*Recommend Trading Plan for the day:*
1. Buy 55 for rebound, stop 54.87, profit 55.13/55.26/55.39
2. Sell 54.70, stop 54.83, profit 54.57/54.44/54.31
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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