26/12/2019
*WTI Crude Oil Feb 20*
Previous Close: 61.11+0.59
Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue.
Hourly chart formed higher highs & lows, more to bullish, but be cautious as RSI in overbought.
*Classic Support & Resistance*
Resistance: 62 62.50
Support: 60.50 60
*Recommend Trading Plan for the day:*
1. Buy 61.40, stop 61.27, profit 61.53/61.66/61.79
2. Sell 61.16, stop 61.29, profit 61.03/60.90/60.77
*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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