18/11/2019
*WTI Crude Oil Jan 20*
Previous Close: 57.83 +0.95
Oil edged higher for nearly 2% on last Friday as comments from a top US official raised optimism for a US-China trade deal.
Hourly chart testing break out form short term sideway, close above 58 to trigger more upside.
*Classic Support & Resistance*
Resistance: 58.60 59
Support: 57.30 56.50
*Recommend Trading Plan for the day:*
1. Buy 58.10, 57.97, profit 58.23/58.36/58.49
2. Sell 57.74, stop 57.87, profit 57.61/57.48/57.35
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4400
Mini Crude : USD 2200
Disclaimer: For idea sharing only, trade at your own risk
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