18/10/2019
*WTI Crude Oil Dec 19*
Previous Close: 54.03 +0.58
Oil rose more than 1% yesterday despite EIA reported increase in weekly oil stock.
Hourly chart continue to move in sideway to lower range from 50-55, wait for more breakout.
*Classic Support & Resistance*
Resistance: 55 57
Support: 52.50 51
*Recommend Trading Plan for the day:*
1. Buy 54.27, stop 54.14, profit 54.4/54.53/54.66
2. Sell 53.90, stop 54.03, profit 53.77/53.64/53.51
*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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