6/6/2018
*WTI Crude Oil Jul 18*
Previous Close: 65.46 +0.71
Crude oil strongly rebounded to above 65 on yesterday after API show a surprise decrease in crude oil stock, watch out for EIA crude inventories tonight at 1030pm.
Daily chart show crude oil pull back from lower low to above 65 to test a technical rebound, close above 66.04 to trigger further rebound signal.
*Classic Support & Resistance*
Resistance: 67.34 68.67
Support: 64.22 63.20
*Recommend Trading Plan for the day:*
1. Buy 65.75, stop 65.65, profit 65.85/65.95.
2. Look for sell signal if break below 65.16.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 2805
Mini Crude : USD 1402.5
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Created by InvestorsDoctor | Dec 31, 2019
Created by InvestorsDoctor | Dec 18, 2019
Created by InvestorsDoctor | Dec 17, 2019