WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 16/7/2018 - Rebound nearly 1% on supply concerns

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Publish date: Mon, 16 Jul 2018, 11:00 AM
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16/7/2018

 
WTI Crude Oil Aug 18
 
Previous Close: 71.01 +0.68
 
Oil rose nearly 1% on last Friday as supply concerns in Libya, Iran & Iraq. 
 
Daily chart show crude oil testing middle line of BB, close below the line likely to trigger further downside. 
 
 Classic Support & Resistance 
Resistance: 71.66 73.18
Support: 69.23 67.72
 
 Recommend Trading Plan for the day: 
1. Look for buy signal above 70.88.
2. Look for sell signal below 70.42.
 
WTI Oil Margin Requirement (per lot) 
WTI Crude : USD 3245
Mini Crude : USD 1622.5
 
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