21/11/2019
*WTI Crude Oil Jan 20*
Previous Close: 57.01 +1.66
Oil pulled back strongly from previous losses after EIA reported a below expectation's weekly crude oil stock.
Hourly chart back to previous range, 54.80 or 58.2 wait for breakout.
*Classic Support & Resistance*
Resistance: 58.20 59.50
Support: 54.80 53.70
*Recommend Trading Plan for the day:*
1. Sell 56.74, stop 56.87, profit 56.61/56.48/56.35
2. Buy 57.40, stop 57.27, profit 57.53/57.66/57.79
*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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