26/11/2019
*WTI Crude Oil Jan 20*
Previous Close: 58.01 +0.24
Oil prices closed higher to retest 58 level yesterday as supported by bullish stock market. Watch out for API weekly crude oil stock data on 530am.
Hourly chart continue to test rebound while daily chart remain in triangle sideway 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 57.90, stop 58.03, profit 57.77/57.64/57.51
*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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