2/8/2018
WTI Crude Oil Sept 18
Previous Close: 67.66 -1.1
Oil fell to below 68 yesterday as a surprise increase in EIA weekly crude oil stock weighed down the price.
Daily chart showed crude oil entered into a technical correction in a bull rally after a RSI bearish divergence. Hourly chart showed crude oil still moving in a sideway, wait for breakout.
Classic Support & Resistance
Resistance: 69.16 70.43
Support: 67.04 65.71
Recommend Trading Plan for the day:
1. Look for technical rebound buy signal above 68.15.
2. Look for sell signal below 67.77.
WTI Oil Margin Requirement (per lot)
WTI Crude : USD 3795
Mini Crude : USD 1897.50
Disclaimer: Idea sharing only, trade at your own risk.
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