15/10/2019
WTI Crude Oil Nov 19
Previous Close: 53.59 -1.11
Oil fell more than 1 dollar ahead of weekly data as market stay cautious over the uncertainties of US-China trade talk.
Hourly chart formed a retracement from 55 level, may retest support 51-52 level.
Classic Support & Resistance
Resistance: 55 55.60
Support: 52.30 51
Recommend Trading Plan for the day:
1. Buy 53.70, stop 53.57, profit 53.83/53.96/54.09
2. Sell 53.25, stop 53.38, profit 53.12/52.99/52.86
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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