14/10/2019
*WTI Crude Oil Nov 19*
Previous Close: 54.70 +1.15
Oil jumped to test 55 level after a strong rebound in US stock market and the attack on Iranian oil tanker.
Hourly chart continue rebound from double bottom bullish chart pattern, above 55 to trigger more upside, but be cautious of potential RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 55.60 57
Support: 52.20 51.40
*Recommend Trading Plan for the day:*
1. Look for buy signal above 55
2. Sell 54.30, stop 54.43, profit 54.17/54.04/53.91
*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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