21/10/2019
*WTI Crude Oil Dec 19*
Previous Close: 53.87 -0.16
Oil down slightly on last Friday as upside capped by weak US & China economic data.
Hourly chart continue to move in sideway to lower range from 51-55, wait for more breakout.
*Classic Support & Resistance*
Resistance: 55 57
Support: 52.50 51
*Recommend Trading Plan for the day:*
1. Buy 53.96, stop 53.83, profit 54.09/54.22/54.35
2. Sell 53.44, stop 53.57, profit 53.31/53.18/53.05
*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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