13/12/2019
*WTI Crude Oil Jan 20*
Previous Close: 59.18 +0.42
Oil prices bounced back to above 59 level on positive progress from US-China trade agreement, but still in sideway range.
Hourly chart formed a sideway to higher trend, close above 60 for more upside.
*Classic Support & Resistance*
Resistance: 50.50 61.50
Support: 58.70 57.70
*Recommend Trading Plan for the day:*
1. Sell 59.13, stop 59.26, profit 59/58.87/58.74
*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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