8/8/2019
*WTI Crude Oil Sep 19*
Previous Close: 51.09 -2.54
WTI dived more than 4% to test 51 level as weighed down by a surprise build in EIA weekly crude oil stock.
Hourly chart testing rebound from RSI bullish divergence, close above 53 to trigger more upside.
*Classic Support & Resistance*
Resistance: 53.80 56
Support: 50.50 49
*Recommend Trading Plan for the day:*
1. Buy 52.75 for rebound, stop 53.62, profit 52.88/53.01/53.14
2. Sell 52.24, stop 52.37, profit 52.11/51.98/51.85
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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