13/6/2018
*WTI Crude Oil Aug 18*
Previous Close: 66.52 +0.24
Please be noted that Jul 18 will be expired on 20 June, traders may choose to trade Aug 18 contract. Crude oil up slightly after a bigger than expected decline in crude inventories as reported by EIA.
Both daily & hourly charts show crude oil testing rebound after hit lower lows. Watch out for potential hidden divergence in daily chart if RSI formed lower low while price go higher low.
*Classic Support & Resistance*
Resistance: 67.19 68.52
Support: 65.44 64.15
*Recommend Trading Plan for the day:*
1. Look for buy signal if break above 66.78.
2. Look for sell signal if break below 66.26.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 2805
Mini Crude : USD 1402.5
*API*
Crude +833k (-1.25mm exp)
Cushing -730k (-900k exp)
Gasoline +2.33mm
Distillates +2.1mm
*EIA*
Crude -4.143mm (-1.25mm exp) - biggest draw since March
Cushing -687k (-900k exp)
Gasoline -2.271mm (+1mm exp)
Distillates -2.101mm
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Created by InvestorsDoctor | Dec 31, 2019
Created by InvestorsDoctor | Dec 18, 2019
Created by InvestorsDoctor | Dec 17, 2019