7/10/2019

*WTI Crude Oil Nov 19*

Previous Close: 52.81 +0.36

Oil settled slightly higher on last Friday as tracking rebound in US market.

Hourly chart entered tight range 52-53.50, wait for more breakout.

*Classic Support & Resistance*
Resistance: 54.80 57
Support: 50.50 48

*Recommend Trading Plan for the day:*
1. Sell 52.60, stop 52.73, profit 52.47/52.34/52.21
2. Look for buy signal above 53

*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4950
Mini Crude : USD 2475

Disclaimer: For idea sharing only, trade at your own risk

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