9/8/2019
*WTI Crude Oil Sep 19*
Previous Close: 52.54 +1.45
WTI jumped more than 2% yesterday on expectations that falling prices could lead to more production cuts, coupled with a steadying of the yuan currency.
Hourly chart recovered from low and entered sideway, 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 53.07, stop 52.94, profit 53.2/53.33/53.46
2. Look for sell signal below 52
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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