10/10/2019
*WTI Crude Oil Nov 19*
Previous Close: 52.59 -0.04
Oil back to above 52 level yesterday after bearish weekly crude oil stock data sent oil prices lower.
4H chart entered tight range with technical indicators in neutral, 50-55 wait for more breakout.
*Classic Support & Resistance*
Resistance: 54 57
Support: 51 48
*Recommend Trading Plan for the day:*
1. Buy 52.63, stop 52.5, profit 52.76/52.89/53.02
2. Look for sell signal below 52
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 4950
Mini Crude : USD 2475
Disclaimer: For idea sharing only, trade at your own risk
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