21/8/2019
WTI Crude Oil Oct 19
Previous Close: 56.13 -0.01
Oil prices in flat yesterday after API weekly stock data almost in line with expectation. Watch out for EIA weekly data on 1030pm tonight.
Hourly chart move in sideway range, wait for more breakout.
Classic Support & Resistance
Resistance: 57.40 59
Support: 54.80 53.50
Recommend Trading Plan for the day:
1. Buy 56.60, stop 56.47, profit 56.73/56.86/56.99
2. Sell 56, stop 56.13, profit 55.87/55.74/55.61
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 4015
Mini Crude : USD 2007.50
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