WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 20/6/2018 - Trade war tension weighed down oil prices, but bullish API lend support

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Publish date: Wed, 20 Jun 2018, 10:54 AM
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20/6/2018

*WTI Crude Oil Aug 18*

Previous Close: 64.90 -0.79

Oil fell on yesterday as US-China trade war tension weighed down the market, but decline in API weekly crude oil stock supported the price, watch out for EIA crude oil inventories data at 1030pm today & OPEC meeting starts from 21 June.

Daily chart show crude oil remains in correction stage as candles below middle line of BB, while MACD & RSI show no rebound signal yet.

*Classic Support & Resistance*
Resistance: 65.82 67.02
Support: 64.23 63.40

*Recommend Trading Plan for the day:*
1. Wait for more breakout signal.

*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 2805
Mini Crude : USD 1402.5

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