27/6/2018

*WTI Crude Oil Aug 18*

Previous Close: 70.53 +2.45

Oil jumped over 2% to hit its 1 month high after API reported a surprising decline in weekly crude oil stocks. Watch out for EIA crude oil inventories tonight at 1030pm.

Daily chart show crude oil sustain above 61.8% Fibo level of previous down swing (72.83-63.59), more to bullish, plus technical indicators testing rebound. Hourly chart show crude oil in RSI overbought, be cautious of potential technical correction in short term.

*Classic Support & Resistance*
Resistance: 72.11 72.83
Support: 67.72 66.10

*Recommend Trading Plan for the day:*
1. Look for buy signal above 70.91.
2. Look for technical correction sell signal below 70.56.

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

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Since 14th May 2018 (stock market reopened after 509 GE-14), FKLI Futures dropped nearly 200.5 points from high 1876.5 to recent low 1676!

Simple Calculation:
200.5 x RM 50 per index point = RM 10,025 (Potential Profit!)

Well, NOW is the time for you to understand more about FKLI Trading!

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