9/10/2019
*WTI Crude Oil Nov 19*
Previous Close: 52.63 -0.12
Oil down slightly yesterday as pressured by surprise build in API weekly data and weakness in US stock market.
4H chart entered tight range with technical indicators in neutral, 50-55 wait for more breakout.
*Classic Support & Resistance*
Resistance: 55 57
Support: 50.50 48
*Recommend Trading Plan for the day:*
1. Buy 52.67, stop 52.54, profit 52.80/52.93/53.06
2. Sell 52.32, stop 52.45, profit 52.19/52.06/51.93
*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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