11/9/2019
*WTI Crude Oil Oct 19*
Previous Close: 57.40 -0.45
Oil dropped yesterday but downside was limited by surprise draw in weekly crude oil stock, as reported by API. Watch out for EIA data tonight on 1030pm.
4H chart testing breakout from double bottom bullish chart pattern, hit its highest since end of Jul 19, close above 60 for more upside.
*Classic Support & Resistance*
Resistance: 58.80 61
Support: 56.60 54.80
*Recommend Trading Plan for the day:*
1. Buy 58.07, stop 57.94, profit 58.2/58.33/58.46
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4015
Mini Crude : USD 2007.50
Disclaimer: For idea sharing only, trade at your own risk
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