26/9/2019
*WTI Crude Oil Nov 19*
Previous Close: 56.49 -0.8
Oil prices fell to below 57 yesterday after EIA showed surprise build in weekly crude oil stock, but losses were limited on support of rebound in stock market.
Hourly chart testing rebound from RSI oversold, close below 55.50 for more downside.
*Classic Support & Resistance*
Resistance: 57 59.50
Support: 55.50 54
*Recommend Trading Plan for the day:*
1. Sell 56.43, stop 56.56, profit 56.3/56.17/56.04
2. Buy 56.76, stop 56.63, profit 56.89/57.02/57.15
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4950
Mini Crude : USD 2475
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