16/12/2019
*WTI Crude Oil Feb 20*
Previous Close: 59.98 +0.92
Oil hit near 3 month high on last Friday as investors cheered progress in resolving the US-China trade dispute and a decisive general election result in Britain.
Hourly chart formed a sideway to higher trend, close above 60 for more upside.
*Classic Support & Resistance*
Resistance: 60.40 62
Support: 59 57.60
*Recommend Trading Plan for the day:*
1. Sell 59.60, stop 59.73, profit 59.47/59.34/59.21
2. Buy 59.85, stop 59.72, profit 59.98/60.11/60.24
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4125
Mini Crude : USD 2062.50
Disclaimer: For idea sharing only, trade at your own risk
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