WTI Crude Oil Updates
Daily Futures Commentaries: [WTI Crude Oil] 22/6/2018 - Be cautious ahead of OPEC meeting decision
InvestorsDoctor
Publish date: Fri, 22 Jun 2018, 10:43 AM
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22/6/2018
*WTI Crude Oil Aug 18*
Previous Close: 65.54 -0.17
Crude oil in a choppy session during OPEC meeting, from 63-66, please trade with cautious as any updates from the meeting may cause high volatility on the oil price. Watch out for US oil rig count at 1am and OPEC meeting decision tomorrow.
Daily & hourly charts show crude oil enters a sideway, wait for breakout.
*Classic Support & Resistance*
Resistance: 67.02 68.52
Support: 65.37 64.23
*Recommend Trading Plan for the day:*
1. Look for buy signal if break above 66.55 day high.
2. Look for correction sell signal if break below 66.23.
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 2805
Mini Crude : USD 1402.5
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