25/11/2019
*WTI Crude Oil Jan 20*
Previous Close: 57.77 -0.81
Oil prices pulled back from 2 month highs as concern over US-China trade talks overshadowed expectations of an extension to OPEC+ production cuts.
Hourly chart retreated from RSI overbought yet daily chart remains in triangle pattern, wait for more breakout
*Classic Support & Resistance*
Resistance: 59.50 60.50
Support: 56.60 54.80
*Recommend Trading Plan for the day:*
1. Buy 58.17, stop 58.04, profit 58.30/58.43/58.56
2. Sell 57.75, stop 57.88, profit 57.62/57.49/57.36
*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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