22/10/2019
*WTI Crude Oil Dec 19*
Previous Close: 53.51 -0.36
Oil extended its losses yesterday ahead of weekly data. Watch out for API weekly crude oil stock on 430am tomorrow.
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. Sell 53.45, stop 53.58, profit 53.32/53.19/53.06
2. Buy 53.68, stop 53.55, profit 53.81/53.94/54.07
*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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