19/11/2019
*WTI Crude Oil Jan 20*
Previous Close: 57.83 -0.69
Oil prices fell more than 1% yesterday, erasing last week’s gains and tumbling alongside US stocks on uncertainty over a trade deal between the US and China.
Hourly chart back into previous range, 56-58 wait for breakout.
*Classic Support & Resistance*
Resistance: 57.60 58.20
Support: 56.40 55.70
*Recommend Trading Plan for the day:*
1. Buy 57.16, stop 57.03, profit 57.29/57.42/57.55
2. Sell 56.86, stop 56.99, profit 56.73/56.6/56.47
*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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