WTI Crude Oil Updates

Daily Futures Commentaries: [WTI Crude Oil] 19/7/2018 - Bottom rebound from around 66.30?

InvestorsDoctor
Publish date: Thu, 19 Jul 2018, 10:17 AM
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19/7/2018

 
*WTI Crude Oil Sept 18*
 
Previous Close: 67.75 +0.59
 
Oil settled with a small gain yesterday but still below 68 as pressured by more than expected weekly crude oil inventories as reported by EIA.
 
Daily chart found a ground around 66.3, testing a technical rebound, required more higher highs & lows to confirm.
 
 *Classic Support & Resistance*
Resistance: 68.84 69.80
Support: 66.29 64.78
 
 *Recommend Trading Plan for the day:*
1. Look for buy signal above 68.01.
 
*WTI Oil Margin Requirement (per lot)*
WTI Crude : USD 3575
Mini Crude : USD 1787.5
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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