9/7/2018
*WTI Crude Oil Aug 18*
Previous Close: 73.8 +0.86
Oil recovered from its previous losses as stock market rebound and technical buying ahead of weekend.
Daily chart entering a sideway as take a pause in its bullish trend, while hourly chart rebounded from lower high, wait it breaks higher high to form rebound signal.
*Classic Support & Resistance*
Resistance: 75.27 76.58
Support: 72.14 70.02
*Recommend Trading Plan for the day:*
1. Buy 74.14, stop 74.01, profit 74.27/74.40.
2. Look for technical correction sell signal below 73.74.
*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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