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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