3/7/2018

*WTI Crude Oil Aug 18*

Previous Close: 73.94 -0.21

Oil dropped slightly yesterday as Saudi Arabia agreed to increase oil production if needed. Watch out for API weekly crude oil stock at 430am tomorrow.

Daily chart showed crude oil more to bullish with higher high this morning, but be cautious as both daily & hourly charts show RSI bearish divergence, may see some technical correction in short term.

*Classic Support & Resistance*
Resistance: 76.58 77.83
Support: 72.18 70.59

*Recommend Trading Plan for the day:*
1. Look for buy signal above 74.82.
2. Look for technical correction sell signal if break below 74.41.

*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3245
Mini Crude : USD 1622.5

Disclaimer: Idea sharing only, trade at your own risk.

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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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